HACKENSACK, NJ-NAI Hanson Management, the property management subsidiary of commercial real estate firm NAI James E. Hanson, has been hired to manage a 211,000-square-foot portfolio in Union and Somerset counties.
The diverse five-building portfolio is owned by the Fishbein Family LLC, and includes two industrial buildings in Berkeley Heights, a flex building in Union, and two office properties in Raritan.
“This group of properties is a prime example of the kind of portfolio that NAI Hanson Management specializes in managing and adding value to,” says CEO Steve De Mattheis.
“Our experience permits us to implement changes with regard to operations that can include improvements to the exterior, interior operating efficiencies and HVAC system improvements,” De Mattheis says. “We also have our leasing company providing us with a team of brokers employed by NAI James E. Hanson. In a very difficult market, this provides an important advantage.”
The NAI Hanson Management team, which, in addition to De Mattheis, is led by COO Ivette Correa and Chief Financial Officer Virginia Conrad, recently added 511,000 square feet to its portfolio.
NAI Hanson Management provides services for retail, medical office and multifamily properties as well as industrial and office buildings. De Mattheis’ personal expertise is in the field of repositioning of distressed properties. He said his company is equipped to handle every aspect of property management, construction management, plant and physical maintenance, tenant leasing and fit-out, as well as legal and environmental consulting.
The properties in the Fishbein Family portfolio are:
- 40 Industrial Road, Berkeley Heights, a 40,000-square-foot industrial building.
- Industrial Road, Berkeley Heights, a 50,000-square-foot industrial building.
- 685 Liberty Avenue, Union, a 63,000-square-foot flex building.
- 575 Route 28, Raritan, a 42,000-square-foot office site.
- 624 North Thompson Avenue, Raritan, a 16,000-square-foot office building.
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