NAI James E. Hanson Arranges Sale of 11,500-Square-Foot Office Building in Maplewood, N.J.
Maplewood, N.J. (July 5, 2017) – NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces they have negotiated the sale of an 11,500-square-foot office building located at 2115 Millburn Avenue in Maplewood, N.J. NAI Hanson’s Josh Levering, Ken Lundberg, Nick DePaolera and Pat Lennon represented the seller, Millburn Property Management in the sale to Millburn Ave. Specialty Realty.
2115 Millburn Avenue is a two-story, 11,500-square-foot office building located in the Maplewood/Millburn professional corridor of Millburn Avenue. 2115 has excellent access to Routes 24 and 78 and the Garden State Parkway. The buyers purchased the building for conversion from a multi-tenant office building into a headquarters medical facility. The availability of space and a location in a highly accessible and desirable location, provided the buyer with an ideal opportunity to purchase, renovate and occupy the building.
“Suburban office spaces still present unique opportunities for creative operators, especially in the medical office field,” said Levering. “We worked with and supported the partnership selling the building to provide market exposure to attract a creative operator. We cooperated with Century 21 New Beginnings Realty, whom represented the buyer in the transaction, to structure a deal for the seller that included an exceptional price and terms for their asset.”
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