NAI James E. Hanson Helps Bring New Chase Branch to Waldwick, N.J. with $2.2M Sale of Retail Property
Waldwick, N.J. (May 6, 2024) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 3,600-square-foot retail building located at 53 Franklin Turnpike in Waldwick, N.J. NAI James E. Hanson’s Anthony J. Cassano and Dick Hecker represented the seller, Villa Restaurant Properties, Inc., in the transaction with the buyer, Chase.
As part of the company’s ongoing expansion in New Jersey, Chase plans to convert the property into a new branch, its first in Waldwick, to give customers increased access to its wide range of personal and commercial banking services.
Located at the busy intersection of the Franklin Turnpike and East Prospect Street, 53 Franklin Turnpike features a flexible 3,600-square-foot retail building equipped with a drive-thru lane and ample on-site parking. The property is located just a half mile from the Waldwick Train Station and boasts close proximity to several restaurants and eateries including Dunkin’, Nellie’s Place, Limoncello and Allendale Social.
“Bergen County continues to entice companies looking to capitalize on the growing strength of the local retail market,” said Cassano. “We are proud to have secured a buyer for our client’s asset and played a role in bringing a brand-new Chase location to the Waldwick community.”
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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.