NAI James E. Hanson Sells Downtown Hackensack Industrial/Flex Building for $2.8M
Hackensack, N.J. (July 29, 2025) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, has negotiated the sale of a 16,950-square-foot industrial/flex building located at 32 First Street in Hackensack, New Jersey, for $2.8M.
Senior Vice President Kenneth D. Lundberg, SIOR, Vice President Patrick Lennon, and Associate Vice President Lorenzo Lambiase, MBA, CCIM, represented the seller, 32 First Street, LLC, while Coldwell Banker’s Jay Li represented the buyer, Beauty Story, LLC, in the transaction.
Located just two blocks from Hackensack University Medical Center, 32 First Street is a single-story flex/industrial building featuring three tailgates and 15’-16’ clear ceiling heights. The property is easily accessible via Routes 17 and 46, as well as Interstate 80, and boasts proximity to New York City. The buyer plans to utilize the property for warehousing and distribution of beauty products.
“Despite ongoing economic uncertainty, we’re continuing to see strong demand in the industrial market, especially for flexible and well-located buildings like 32 First Street,” said Lennon. “We were proud to help our client navigate a competitive market and secure a strong return in this transaction, and we wish the buyer all the best with their new space.”
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service commercial real estate brokerage and property management firm. Serving a diverse client list, the company offers strategic solutions in office, industrial, and retail brokerage, investment sales, land sales, management, government services, and financing expertise.
As one of the original members of NAI Global, an international commercial real estate network with over 325 offices worldwide, NAI James E. Hanson continues to build on its legacy of excellence.
In 2025, the firm expanded its capabilities with the acquisition of The Garibaldi Group and NAI Summit, creating one of the region’s most experienced commercial real estate services platforms. 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.