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Totowa, N.J. (April 25, 2023) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of a 3,662-square-foot office building at 15 Furler Street in Totowa, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, Justin Allessio and Jessica Curry represented the seller, Sheet Metal Contractors Association, in the transaction. 15 Furler Street is a two-story, 3,662-square-foot office building with 10 on-site parking spaces. The property is nearby a range of shopping and restaurant options including Marshalls, Staples, TJ Maxx, Applebee’s, IHOP and Smashburger with easy access to Routes 23 and 46 and Interstate 80. The seller sought to capitalize on the demand for smaller, well-located, office space with convenient access to major roadways and tapped NAI James E. Hanson to market the property. The buyer, a Fair Lawn-based commercial real estate firm has plans to relocate their offices to a portion of the building while maintaining the existing tenant base. In addition, the new owner will make substantial improvements to the building to bring it up to modern standards. “While the national office market continues to experience challenges, there has been a demand for smaller, well-located office space that can serve as a home base for local businesses,” said Somple. “With that said, finding the right buyer for these spaces can be challenging, so we implemented a strategic approach that highlighted the investment value of the property and ultimately provided the real estate services needed to finalize a deal on our client’s behalf.” To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook, Twitter and LinkedIn 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 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 # # #