Globe Tire Services has sold a 22,000-square-foot auto retail building in Hackensack to 55 Bridge Management, NAI James E. Hanson said Tuesday.
Terms of the transaction were not disclosed.
The buyer, a successful tenant of the building, will be utilizing the property to expand upon the existing on-site auto repair and car wash services through the addition of a full-service body paint and repair service.
The property, at 55 Midtown Bridge Approach, is a freestanding auto-repair retail space sitting on 1.5 acres in the heart of Hackensack’s Redevelopment Zone. It is situated on a high-visibility lot between two local roads, and the property’s central location allows for quick access to some of the region’s major roadways, as well as major retailers, including CVS Pharmacy, McDonald’s and AutoZone.
The building also features 30-plus parking spaces and expansive building signage, including three pylon signs offering prime exposure in the property’s high traffic area.
“This deal further underscores our team’s unique ability to construct marketing strategies that generate significant demand for retail spaces in areas of strong and fast-moving development across New Jersey,” NAI Hanson’s Anthony Cassano said.
“We were happy to lean on our significant experience in Hackensack to bring this transaction across the finish line and help a business expand their operations as the city continues its strong growth.”