26A — May 11 - 24, 2012 — New Jersey — Mid Atlantic Real Estate Journal


N ew J ersey

City Council unanimously approves and sends to Planning Board DMR Architects develops rehabilitation plan for Hackensack


A S B R O U C K HEIGHTS, NJ — — DMR Architects

Architects, led by Francis Reiner, PP, LLA, worked with the City of Hackensack, which included members of the Upper Main Street Busi- ness Alliance, to develop the plan. “DMR is proud of our re- lationship with the City of Hackensack and excited to continue with efforts to re- develop the City. The Reha- bilitation Plan will promote the creation of a livable and real downtown district that will recreate the City of Hackensack into the social, cultural and economic cen-

ter,” Francis Reiner, DMR Architects, said. The Hackensack Planning Board will have two meeting on the document. The intent is that City Council will vote on final approval in June. n The Hampshi re Cos. sells 120,000 s/f ind./flex building in Mahwah Mahwah, NJ—The Hamp- shire Companies announced the disposition of a 120,000 s/f industrial /flex building located at 1595 MacArthur Blvd. The sale was made to Dimensional Communications. “The property offered many of the manufacturing capabili- ties that the buyer required,” said Michael Harrington, an investment manager for The Hampshire Cos. Thomas Monahan and Jim Tulley of CB Richard Ellis rep- resented Hampshire while Hal Lichtenstein of Cassidy Turley represented the buyer in the transaction. In Mount Laurel The Hamp- shire Cos. announced the ac- quisition of Town Square Shop- ping Center, a 91,758 s/f retail center located at 872 Union Mill Rd. from Town Square, LLC. Brad Nathanson of Marcus & Millichap represented both Hampshire and the seller in the transaction. n

completed a Rehabilitation Plan for the City of Hack- ensack. The City Council unanimously approved that the plan be sent to the Hack- ensack Planning Board. The Rehabilitation Plan encompasses 163 acres and includes strategies to revital- ize the downtown. Such strat- egies include improvements to infrastructure, residential, retail and entertainment op- tions, and parks and open space. For the past year, DMR

Rehabilitation Plan for the City of Hackensack rendering


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