PARSIPPANY, NJ – NAI James E. Hanson, a leading New Jersey-based commercial real estate firm, today announced the sale of a former daycare center at 920 Edwards Road in Parsippany, N.J. The 5,031-square-foot office building is located on a 1.03-acre lot. A NAI Hanson team consisting of Executive Managing Director of Corporate Services Michael G. Walters, SIOR, and Senior Vice President John J. Schilp represented the seller, ClockWork Parsippany and the buyer, The Church in Nutley.
Originally constructed in 1979, the building has eight classrooms, kitchen facilities, gymnasium space, executive offices, an outdoor playground, a pool and 20 parking spaces. The property offers easy access to Interstates 80 and 280 and Route 46. The Church in Nutley, a non-denominational congregation, will use the facility as a bible study school and church community center.
“The for-sale market in Morris County has experienced a remarkable rebound in recent months,” Walters stated. “This transaction, which was a strategic investment for the church, demonstrates that well-located office properties are increasingly attractive to buyers.”
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 350 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.