10C— February 26 - March 10, 2016 — Commercial Office Properties — M id A tlantic

Real Estate Journal

NAI H anson

Blaise Bozzelli joins NAI Hanson’s new Parsippany office location NAI Hanson’s Cassano and Castro broker two sales totaling 8,800 s/f in Hackensack H ACKENSACK, NJ — NAI James E. Han- son , a leading New Richard Weiner in the sale of a 4,800 s/f office building, located at 263 Main St. in Hackensack,

redevelopment zone. The two- floor office building is within close proximity to the Bergen County Courthouse and also offers quick access to major highways, restaurants and shopping. The property boasts eight private parking spots with additional parking avail- able in the adjacent municipal lot and a full basement ideal for storage needs. “The Hackensack Redevel- opment Project has led to an enormous amount of property changing ownership,” said Cas- sano. “263 Main Street is a per- fect example of the shift in two ways. It exemplifies the type of value-add property transac-

I-80 as well as highways 17 and 46. Design N’ Stitch, was attracted to the space due to the recent updates made to the building, including a new roof which was completed in 2010 and a warehouse heater and HVAC system all installed within the past three years. “Beyond the fact that this property had the perfect lo- cation and amenities to at- tract a large pool of qualified prospective tenants, this deal was a particular pleasure for us to work with Ocean Edge Enterprises on,” said Cassano. “When we brokered the sale of this same property back in 2006, it was Ocean Edge En- terprises that was purchasing the property. Now nine-years later they are moving to a building three times the size in Pompton Plains and they asked us to represent them in the sale of the property. It goes to show that when a bro- ker is as community oriented as all of the associates are at NAI Hanson are, they wind up representing both parties in the transaction process.” NAI Hanson has a long his- tory with 109-111 Pink St. having served as the broker when Ocean Edge Enterprises purchased the building back in 2006. Continuing that re- lationship, NAI Hanson was once again selected to rep- resent the space in the most recent transaction on behalf of Ocean Edge Enterprises based on their superior mar- ket knowledge and existing relationship. In other news... NAI James E. Hanson an- nounced that Blaise Bozzelli will join its Morris County of- fice, at its new Parsippany location as a sales associate. Bozzelli is a 25-year veteran in the commercial real estate industry and will focus on sales and leasing in the North- ern New Jersey marketplace, specializing in office and in- dustrial. Most recently, Bozzelli spent 7 years with CRESA as a ten- ant representative, providing real estate project manage- ment services to the firm’s ex- isting brokers and clientele. In addition, Blaise worked within Hollister Construction as VP of business development. Bozzelli is a member of the National Association of Realtors (NAR) and the Industrial and Office real Estate Brokers Association (IOREBA) . n

tions that we have seen in re- cent years in downtown Hack- ensack and it will be turned into a real estate construction office where they specialize in property development and preservation.” NAI Hanson’s Cassano and Castro also represented, Ocean Edge Enterprises, in the sale of a 4,000 s/f mixed-industrial building located at 109-111 Pink St. in Hackensack, to Design N’ Stitch. The build- ing includes 1,600 s/f of office space, has a single bay drive-in and a cleared ceiling height of 14-feet. The private parking lot has 12 spaces and the property is located within minutes of

Jersey-based full-service, independent commercial real estate f i r m , a n - nounced its team of An- thony Cas- sano , v i ce

NJ to Action Construction, LLC. Action Construction, LLC plans to use the space as a real es- t a t e o f f i c e compliment- ing their spe-

Anthony Cassano Pablo Castro

president and Pablo Castro , sales associate, have brokered the sale of two properties in Hackensack, New Jersey total- ing 8,800 s/f. Castro and Cassano repre- sented Gerald Salerno and

cialty in residential and light- commercial development and property preservation. Located in the heart of Hackensack, 263 Main St. is minutes from I-80 as well as Routes 46 and 4 in the middle of the city’s

Your Source for Commercial Real Estate

50 Chestnut Ridge Road Montvale, NJ

50 Chestnut Ridge Road is a 2-story 104,854 square foot Class B office building located on 11.15 acres and occupied by ten tenants. NAI Hanson handled the leasing and management of this property for 18 months and increased the occupancy rate by 25%. Through a managed sale, they sold the property to American Equity Partners. Andrew Somple, sior and Greg James of NAI Hanson represented the seller in this transaction.

NAI Hanson associates completed over 500,000 square feet of office transactions in 2015. These are just a few of our favorites deals...

1140 &1160 Parsippany Blvd. Parsippany, NJ 45,596 sf sale

360 Route 24 Chester, NJ 25,600 sf sale

10211 Alm Street Raleigh, NC 30,000 sf sale and financing

10 Lanidex Plaza West Parsippany, NJ 07054 973 463 1011 JUST MOVED !

235 Moore Street Hackensack, NJ 07601 201 488 5800 naihanson.com

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