10A —February 18 - March 17, 2022 — Family Owned Businesses — M id A tlantic Real Estate Journal
www.marej.com
F amily O wned B usinesses
Consistency, focus and a result-oriented approach makes an unwavering partner NAI James E. Hanson and New Jersey: Perfect Together
ew Jersey’s last seven decades have been defined by change. In this period, the state has seen the decline and subsequent rebirth of many of its great cities, the explosion of new economic sectors and dra- matic demographic shifts that have made the New Jersey of 2022 hardly recognizable from the version that existed in 1955. However, throughout this period of transformation, NAI James E. Hanson’s con- sistency, their focus on client service and results-oriented approach have made it an unwavering partner to New Jersey’s business community. NAI James E. Hanson was founded in 1955 by James E. Hanson under the name James E. Hanson & Company with a simple vision - create a real estate company commit- ted to delivering remarkable client service while perform- ing extraordinary work in the commercial real estate space. Driven by this commitment, Hanson knew that his broker- age firm could be an invalu - able partner to the wide range of businesses searching for spaces to call home in New Jersey while also serving as a catalyst for economic develop- ment across the region that he was so proud to call home. With this focus guiding the firm, James E. Hanson & Com - pany quickly emerged as the leader in New Jersey’s commer- cial real estate arena. James’ son, Peter O. Hanson, SIOR, joined the team in 1959 as the company continued to expand to meet the needs of business and real estate owners in the northern New Jersey market. In 1981, James E. Hanson & Company was one of the first companies to join the NAI Global network, a global net- work that now includes 5,100 professionals in over 300 of - fices worldwide, under the new name of NAI James E. Hanson. Now under the leadership of James’ grandson, William C. Hanson, SIOR, NAI James E. Hanson continues to ad- here to the firm’s long-held ideals while evolving to meet the needs of today’s clients in northern and central New Jer- sey. Under Bill’s leadership, NAI James E. Hanson’s bro- kers have shifted from purely managing transactions to become real estate consultants dedicated to helping clients navigate increasingly complex N
transactions and help them make informed and data- driven real estate decisions. Additionally, to better meet the needs of increasingly so- phisticated clients and trans- actions, NAI James E. Hanson has significantly bolstered its service lines with the addition of dedicated Capital Markets, Corporate Services, Govern- ment Services, and Property Management groups as well as increased capabilities in the cold storage, valuation, investment services, logistics, and financing specialties. Each of these branches has allowed NAI James E. Hanson to build upon its founder’s vision to deliver extraordinary service while positioning the company for long-term success in a con- tinually evolving market. The results of these changes are clear. Over the last ten years, NAI James E. Hanson has com- pleted over 2,700 transactions worth over $4.8 billion in value covering over 47 million s/f. Today, NAI James E. Han- son employs 78 of the real estate industry’s most re- spected and knowledgeable brokers, property managers and administrative staff, in- cluding 11 brokers with the prestigious SIOR designation. Additionally, NAI James E. Hanson’s deep experience and unmatched market knowledge have made the firm a trusted partner by leading develop- ers and investors such as Duke Realty, Centerpoint Properties, Alfred Sanzari Enterprises, Sitex Group, The Hampshire Companies and Turnbridge Equities. De- spite an impressive roster of institutional-level clients, the firm has never strayed from its mission of supporting the local business community and is proud to provide hundreds of small and medium-sized businesses with the insights and guidance they need to navigate a complex and fluid real estate market. Much has changed in New Jersey and its real estate in- dustry over the last 67 years. Despite these changes, the steady leadership and con- fident vision of the Hanson family paired with unmatched on-the-ground capabilities and local market knowledge of the firm’s brokerage team have cemented NAI James E. Han- son’s role as New Jersey’s most trusted commercial real estate firm for years to come. MAREJ
James E. Hanson
Peter Hanson
William Hanson
NAI James E. Hanson closes on sale of 28,000s/f multi-tenant industrial building inHackensack, NJ
the purchaser to help them capitalize on the highly at - tractive northern New Jersey industrial investment market. According to the recent NAI James E. Hanson 4Q 2021 Northern and Central New Jersey Industrial Report, in- dustrial sale prices in the mar- ket now stand at $202 psf, an increase of 35% from 2020. In addition to record-high sales pricing, the Central Bergen industrial submarket has one of the most competitive leasing environments in the region. Rents in the submarket are up $2.28 psf since 4Q 2020 – a 23% increase – and now stand at $12.02 psf. The market also has seen sustained low
vacancy, currently standing at 3.2%. “Whether an investor is hop- ing to redeploy capital tied up in real estate or looking for long-term value through the ownership of a stabilized as - set in a market with strong long-term fundamentals, the northern New Jersey indus- trial market’s current pricing environment continues to provide both buyers and sell- ers with significant opportuni - ties for value creation,” said Kristofich. “We were happy to leverage our deep industrial sales expertise in this competi- tive market to help both sides of this deal reach their invest- ment goals.” MAREJ
HACKENSACK, NJ — NAI James E. Hanson has negotiated the sale of a 28,000 s/f multi-tenant industrial building at 59-71 Oak St. in Hackensack. NAI James E. Hanson’s Jonathan Kristo- fich represented the seller, 59-71 Oak Street LLC, and the buyer, Oak Street Realty LLC, in the transaction. 59-71 Oak St. is ideally situated in the heart of one of New Jersey’s most desirable industrial markets located less than a mile from Rte. 4 with easy access to I-80, the New Jersey Tpke., Garden State Pkwy. and Rte. 17. NAI James E. Hanson repre- sented the seller and procured
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