PARAMUS, NJ-NAI James E. Hanson has been hired to oversee the leasing of a substantial portfolio of office and retail properties in Paramus, NJ, featuring two buildings previously leased by rug and furniture retailer Einstein Moomjy.
The NAI Hanson team of executive managing director Michael G. Walters, vice-president Ronald A. Fotiu and sales associate Jill Gordon will handle the leasing assignment on behalf of the portfolio owner, The Emil Buehler Trust Fund. NAI Hanson’s property management subsidiary had previously secured a 245,257-square-foot property management assignment for the Buehler portfolio, which consists of a total of 206,776 square feet of retail space and 38,481 square feet of office space.
The vacant properties are 289 Route 17 South, a 57,000-square-foot retail site, with divisible space; and 305 Route 17 South, which offers office space available as large as 20,000 square feet and as small as 2,500 square feet, as well as an additional retail unit of 22,000 square feet.
“These sites are premier locations for both office and retail tenants,” says Walters, the NAI Hanson team leader. “They are well-maintained and feature abundant parking and receive traffic counts of 125,000 cars per day on a major roadway with incredible visibility and signage on Route 17 Southbound. It’s hard to beat those features elsewhere in Bergen County.”
Facing bankruptcy last year, Einstein Moomjy closed a Paramus store and severely cut operations, after having shuttered its Manhattan flagship store the year before.
Walters is to serve as a liaison with the property owners and take on responsibility for leasing the office portion of space available, while Fotiu and Gordon will market the retail space.
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