NAI James E. Hanson, New Jersey’s Largest Full-Service Independent Commercial Real Estate Company, Announces It Has Negotiated the Sale of a 22,000 Square Foot Automotive Retail Building at 55 Midtown Bridge Approach in Hackensack, NJ NAI James E Anthony J. Cassano of Hanson represented both buyer, 55 Bridge Management LLC, and seller, Globe Tire Services, in the transaction.
Located in the heart of the Hackensack redevelopment area, 55 Midtown Bridge Approach is a self-contained auto repair retail space located on 1.5 acres. Situated on high visibility land between two local roads, the property’s central location provides quick access to some of the area’s major roads, as well as major retailers such as CVS Pharmacy, McDonald’s and AutoZone. The building also has over 30 parking spaces and extensive signage, including three pylon signs providing prime exposure in the high traffic area of the property. Additionally, the property is adjacent to the highly publicized Print House project on the former site of the Bergen Record and close to several other large-scale redevelopment projects making it an exceptional opportunity to capitalize on the city’s continued population growth.
Following NAI James E. Hanson’s marketing strategy, the buyer, a successful tenant in the building, will use the property to expand existing on-site repair and car wash services through the addition of a full-service body shop. painting and repair service.
“This agreement further underscores our team’s unique ability to craft marketing strategies that generate significant demand for retail space in strong and rapidly developing areas across New Jersey,” Cassano said. “We were pleased to draw on our significant experience in Hackensack to complete this transaction and help a company grow its business as the town continues its strong growth.”
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