NAI James E. Hanson Named Exclusive Brokerage Firm for 70,000-Square-Foot Office Building in Passaic, N.J.
Passaic, N.J. (August 17, 2023) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has been named the exclusive brokerage firm for 657 Main Avenue in Passaic, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, Jonathan Kristofich and Jessica Curry will oversee leasing at the property.
Located in the heart of downtown Passaic, 657 Main Avenue is a seven-story, 70,000-square-foot office building with 10,000-square-foot floor plates and direct access to an attached six-story, 500+ space parking garage available for lease. Operated as a public school for three decades, 657 Main Avenue is ideally suited for a charter school, vocational school, medical office, medical labs or government entities among other uses.
The highly adaptable property is situated within Passaic’s Main Avenue Redevelopment Zone, a redevelopment plan adopted in 2021 that seeks to attract new investment to downtown Passaic to create a more vibrant and attractive district. Additionally, the property’s strategic location in an Urban Enterprise Zone (UEZ), which provides incentives to businesses and consumer, and it also located in the NJ Aspire Program Incentive Area and Transformative Project Area, a gap financing tool that supports commercial, mixed-use and residential real estate redevelopment.
The property is also a short walk from the Main Avenue NJ Transit bus terminal, which has received federal funding to be upgraded and expanded, and is easily accessible from Routes 3, 21 and 46 as well as the Garden State Parkway. St. Joseph’s Hospital and Passaic City Hall are also just a few blocks away from the property.
“Passaic’s continued upward trajectory and favorable local demographics make 657 Main Avenue an ideal opportunity for a wide range of prospective users,” said Kristofich. “We’re honored to handle this assignment and have already begun our search to secure a high-quality tenant who will contribute to the continued resurgence of Passaic.”
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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 over 325+ 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
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