A building in South Hackensack has been sold as part of a 1031 exchange, according to real estate brokerage NAI James E. Hanson.
The firm said in a news release that the 20,000-square-foot building at 130 Wesley St. was sold by Wesley Lab LLC to PPF Jersey LLC. The team of Darren Lizzack and Randy Horning represented the seller, while Friedberg Properties represented the buyer.
“The sale of 130 Wesley St. once again shows how we can deploy the complete end-to-end services of our team and network of trusted local companies to meet our clients’ needs, while fostering successful, long-term relationships throughout the commercial real estate industry,” Lizzack said in a prepared statement.
Lizzack and Horning were also retained by Wesley Lab to identify an acquisition to complete the exchange, NAI Hanson said.