NAI James E. Hanson said Tuesday that it negotiated a lease for 1,440 square feet of office space in Englewood Cliffs.
NAI James E. Hanson’s Team Lizzack-Horning led by Darren Lizzack and Randy Horning represented the landlord, Bedrock Realty Holdings, and the tenant, Prime Equity Real Estate Development.
Located at 720 E. Palisade Ave., the property sits at the corner of Sylvan Avenue (9-W) and E. Palisade Avenue. It is directly across from Exit 2 on the Palisades Interstate Parkway. The property’s strong visibility and well-maintained location features a marble lobby, 76 private parking spaces and 24/7 key card access, making it an ideal home for a wide range of tenants.
In need of improved office space, Prime Equity Real Estate Development saw 720 E. Palisade Ave.’s highly accessible location paired with the modernity of the building a natural fit for the firm’s relocation from Brooklyn, New York.
“New Jersey’s office market continues to show optimistic signs of recovery as we look toward the new year,” Lizzack said. “Leveraging our deep market knowledge and relationships, we successfully negotiated a mutually beneficial deal for both the owner and tenant.”