CHESTER, NJ-NAI James E. Hanson, has completed a 21,559-square-foot, four-building sales transaction at 407-425 Main St. here. This deal includes a 13,500-square-foot office building at 425 Main St., a 2,500-square-foot office asset at 423 Main St., a 3,500-square-foot office building at 409 Main St. and a 2,059-square-foot office property at 407 Main St. NAI James E. Hanson senior vice president John Schilp represented both the seller, Skylands Community Bank, and the buyer, DeSapio Properties.

"The Northern New Jersey office market has seen an increase in activity lately, as prospective buyers are identifying affordable deals and capitalizing on them," Schilp tells GlobeSt.com. "In these times, when distressed properties can languish on the market, this was a win-win situation with a well-qualified buyer.”

DeSapio Properties, a privately owned design/build developer that works on new construction, renovation and property management, purchased the buildings as investment properties. As part of the deal, DeSapio has leased the 13,500-square-foot building at 425 Main St. to Skyland.