8B — December 7 - 20, 2012 — New Jersey — Mid Atlantic Real Estate Journal
www.marejournal.com
N ORTHERN N EW J ERSEY Ryan and Schorr represent buyer in sale of four acres of land NAI Hanson completes industrial and medical office leases in South Hackensack and Fair Lawn, NJ
ORTHERN, NJ — NAI James E. Han- son completed the fol- lowing transactions in Northen NJ: • A 19,720 s/f industrial lease transaction at 275 Huyler St. in South Hackensack. NAI Hanson vice presidents Jeffrey DeMagistris and Thomas Vetter represented the landlord. The tenant, High Quality Custom Design, Inc., special- izes in high-end, luxury conver- sion vehicles, custom instal- lations and offers automotive accessories. N
• A 2,500 s/f medical office lease transaction at 17-15 Maple Ave. in Fair Lawn. NAI Hanson associate vice president Darren Lizzack, MSRE , represented the ten- ant, Bajzath Rehabilitation Facility, PC. “We were happy to assist Bajzath Rehabilitation Facility in achieving its goal of leasing space near its former office,” Lizzack said. “This transaction provides the medical practice with an opportunity to grow and attract new patients while at the same time maintaining its existing clientele.”
• The sale of four acres of land at Block 44, lots 26 and 27, off Dover Chester Rd. in Randolph. NAI Hanson senior vice pres- ident Thomas Ryan and vice president Sig Schorr repre- sented the buyer, The Hebrew Academy of Morris County (The HAMC), negotiating the sale with a residential developer. The Hebrew Academy of Morris County is a Jewish Day School that has been nation- ally and locally recognized for excellence in education for children in early childhood through eighth grade. The purchase of this parcel of land is a critical step in the school’s recently launched Capital & Endowment Campaign aimed at building a 21st Century learning facility and further- ing its role in Morris County’s Jewish community. “We thank NAI Hanson for their help in acquiring this important tract of land,” said Steven Levy, treasurer of the HAMC’s Board of Trustees. “We will now have the flexibility to build a new and expanded school that will meet the needs of our community for the next 40 to 50 years.” Before negotiating the deal, NAI Hanson researched and contracted all of the surround- ing property owners. “We are thrilled to help the HebrewAcademy expand their operations, “ Ryan said. “We wish them much future suc- cess.” • The sale of the former Wyman Ford dealership at 1713 Springfield Ave., as well as a nearby parking lot at 1734 Springfield Ave., in Maple- wood. NAI Hanson senior vice pres- ident Thomas Ryan repre- sented the seller, Lee Horner, Sr., of Wyman Ford, which was in business for 73 years at the site, and the buyer, which will develop the property for retail use. The property will mainly be used as a Dollar Tree store, which is expected to open by the end of 2012. “Even in this difficult eco- nomic and retail market, the intensive marketing efforts and technical support of our team greatly assisted me in selling the property,” Ryan said. “We thank the Horner family, together with the Maplewood Township officials, for their cooperation and hands-on help in expediting the sale for all parties.” ■
275 Huyler Street
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