NAI James E. Hanson Negotiates Office Lease to Bring Real Estate Development Company to New Jersey
Englewood Cliffs, N.J. (November 23, 2021) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a lease for 1,440 square feet of office space at 720 E. Palisade Avenue in Englewood Cliffs, N.J.
NAI James E. Hanson’s Team Lizzack-Horning led by Darren Lizzack, MSRE, and Randy Horning, MSRE represented the landlord, Bedrock Realty Holdings, LLC and the tenant, Prime Equity Real Estate Development. Prime Equity Real Estate Development is an established developer of residential and commercial properties throughout New York, New Jersey, and Florida. Founded in 2005 by partners Yaron Shemesh and David Zoarets, Prime Equity Real Estate Development has successfully acquired, designed and developed a diverse portfolio of residential and commercial real estate that is renowned for its location, proximity to mass transit, and innovative, high-quality construction and design. In need of improved office space, 720 E Palisade Avenue’s highly accessible location paired with the modernity of the building made it a natural fit for the firm’s relocation from Brooklyn, New York.
Sitting at the corner of Sylvan Avenue (9-W) and E. Palisade Avenue, 720 E. Palisade Avenue is directly across from Exit 2 on the Palisades Interstate Parkway. The property’s strong visibility and well-maintained location features a marble lobby, 76 private parking spaces, and 24/7 key card access, making it an ideal home for a wide range of tenants. Only minutes from the George Washington Bridge, Routes 4, 46, 80, 95, and 1&9 and Englewood’s downtown retail area, 720 E. Palisade Ave. will provide Prime Equity Real Estate Development with increased accessibility.
“New Jersey’s office market continues to show optimistic signs of recovery as we look toward the new year,” said Lizzack. “Leveraging our deep market knowledge and relationships we successfully negotiated a mutually beneficial deal for both the owner and tenant.”
Founded in 2014, Team Lizzack-Horning is an expert brokerage team that specializes in healthcare, office and investment property transactions. Leveraging a holistic and analytical approach to working with clients, Team Lizzack-Horning’s expertise and experience is augmented by a trusted network of real estate service providers that help clients of any size navigate an increasingly complex real estate transaction process. Together, the team has successfully closed more than 100 deals over the past five years.
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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 300+ offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit www.naihanson.com.