Retail Site at 269 Main St. in Hackensack, N.J. Changes Hands in 1031 Exchange
— Freestanding Property is Within Heart of Downtown Retail Corridor —
HACKENSACK, N.J. (March 21, 2013)– NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced that it recently completed the sale of a freestanding retail building at 269 Main Street in Hackensack, N.J.
In a 1031 exchange, Diwan 168, Inc. acquired the 5,000-square-foot property. NAI Hanson Associate Vice President Dominic Fittizzi represented the seller, Horowitz, M&L Jacoby Trustees. It had been listed for sale at $499,000.
“The buyer was extremely attracted to the property’s coveted Main Street location in the heart of the Hackensack retail corridor,” Fittizzi said. “This site is well positioned within the downtown area.”
The building is divisible and features a 3,000-square-foot basement. There are four parking spaces and the site backs up to municipal parking lot. It is near numerous roadways including Routes 4, 17 and 80.
About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 350offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.