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Deals & Dealmakers

NAI James E. Hanson Negotiates 8,350-Square-Foot Industrial Renewal in Mountainside, N.J.

NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a renewal for 8,350 square feet of industrial space at 1094 Globe Avenue in Mountainside, N.J. NAI James E. Hanson’s Thomas Ryan represented the tenant, First Knight Enterprises, Inc., in the transaction with the landlord, Adrienne R Weill.

Located just off Route 22 in Union County, 1094 Globe Avenue is an 8,350-square-foot Industrial building featuring both office and warehouse storage space, 15’ ceiling height, 20’x40’ column spacing, two loading docks and one drive-in. The property also features proximity to Route 28 as well as Interstate 78 and the Garden State Parkway.

First Knight Enterprises, a local ServePro franchise, opted to renew citing the building’s location near its client base and ample parking to support its heavy parking requirements

“In today’s market, rents are climbing to all-time highs which puts landlords in an advantageous position to maximize the value of their asset,” said Ryan. “However, the peace of mind that comes from extending a model tenant like First Knight Enterprises is the dream situation for any landlord. I’m happy to have provided the services needed to facilitate the next chapter of this relationship.”

To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on FacebookTwitter, and LinkedIn.

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