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NAI Hanson Completes Lease Renewal

TETERBORO, NJ-Tenant Swift Electrical Supply re-upped its 51,000-square-foot lease at KTR Capital's office property.

By Alyson Grala | Updated on July 02, 2009

TETERBORO, NJ-NAI James E. Hanson has just completed a 51,000-square-foot, long-term office lease renewal agreement at 100 Hollister Rd. here. NAI Hanson’s Scott K. Perkins, SIOR, managing director of corporate services, and Andrew Somple, SIOR, senior vice president, represented the tenant, Swift Electrical Supply, in this transaction. Property owner, KTR Capital Partners, was represented in-house by Steve Pron.

“Overall, deals are still getting done in the commercial real estate market,” Perkins tells GlobeSt.com, “but in order to be successful, all parties involved in the lease negotiation process must exercise creativity and flexibility in order to overcome the obstacles that have been created by this economic downturn.”

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