12B — February 13 - 26, 2015 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey DeMagistris and Vetter work on behalf of the owner NAI Hanson secures tenant for 22,203 s/f industrial bldg.
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OUTHHACKENSACK, NJ — NAI Hanson , a leading New Jersey- based commercial real estate firm, announced that it has facilitated the lease of 22,203 s/f at 60 Saddle River Ave. in South Hackensack. Vice presidents Jeff DeM- agistris, SIOR and Tom Vetter, SIOR of NAI Hanson marketed the space and man- aged the transaction on behalf of the industrial property’s owner, Safer Development and Management, Inc. The new tenant, periodi- cals distributor Publishers S
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60 Saddle River Ave.
Circulation Fulfillment, Inc., leased the space in order to take advantage of the facil- ity’s advantageous location,
approximately two miles from the Garden State Parkway and I-80. The company was also attracted to the space’s ease-of-use features, including two loading docks, one drive- in and 1,500 s/f of office space. “With clients throughout the region, this company needed a centralized storage facility from which it could manage routing and distribution for a variety of national, regional and local publications,” DeM- agistris said. “Sitting between I-80 and the Garden State Parkway the space offers an ideal location as well as opti- mal shipping/delivery capabil- ity relative to the volume of product moving through.” n Kislak named sales and marketing agent for 136-units PATERSON, NJ — The Kislak Company, Inc. , the dominant investment real es- tate sales firm in the tri-state region, announced that it has been retained as the exclusive marketing and sales agent for a 136-unit residential portfolio located at 324, 339 and 431 Broadway in Paterson. Vice presidents Jonathan Green- berg and JosephKeenan are leading Kislak’s assignment. “With such a low supply of inventory in New Jersey, very few opportunities to acquire over 100 units, and extremely attractive interest rates well below 4%, I believe the port- folio will generate a great deal of consideration,” said Greenberg. Keenan said, “The portfolio represents a rare acquisition opportunity. These properties are in excellent condition and have been owned by the same family for more than 20 years.” The properties consist of professionally managed and well-maintained studios, one-, two- and three-bedroom units with many upgrades. There is on-site parking for 26 cars. n
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