NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces they have negotiated the sale of an 11,500-square-foot office building located at 2115 Millburn Avenue in Maplewood, N.J. NAI Hanson’s Josh Levering, Ken Lundberg, Nick DePaolera and Pat Lennon represented the seller, Millburn Property Management in the sale to Millburn Ave. Specialty Realty.
2115 Millburn Avenue is a two-story, 11,500-square-foot office building located in the Maplewood/Millburn professional corridor of Millburn Avenue. 2115 has excellent access to Routes 24 and 78 and the Garden State Parkway. The buyers purchased the building for conversion from a multi-tenant office building into a headquarters medical facility. The availability of space and a location in a highly accessible and desirable location, provided the buyer with an ideal opportunity to purchase, renovate and occupy the building.
“Suburban office spaces still present unique opportunities for creative operators, especially in the medical office field,” said Levering. “We worked with and supported the partnership selling the building to provide market exposure to attract a creative operator. We cooperated with Century 21 New Beginnings Realty, whom represented the buyer in the transaction, to structure a deal for the seller that included an exceptional price and terms for their asset.”
To stay connected with NAI James E Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), and LinkedIn (www.linkedin.com/company/nai- james-e-hanson).
About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at www.naihanson.com.
