NAI James E. Hanson said Thursday it has been chosen as the exclusive broker for a 1.41-acre redevelopment site in Hackensack — located in the Prospect Area in Need of Redevelopment Zone.
The property includes the Office Plaza on First, 100 First St., 102-108 First St., 114-124 First St. and 203 Beech St., in contiguous parcels across from Hackensack Meridian Health’s John Theurer Cancer Center and adjacent to the Helena Theurer Pavilion and the Joseph M. Sanzari Children’s Hospital, as well as Hackensack University Medical Center.
The site spans two subzones and is eligible for a long-term tax abatement. The site could become a mixed-use project of up to 553,500 buildable square feet, NAI Hanson said in a news release, whether for medical office space, hotel space, multifamily or other housing, or more.
Vice President Jonathan Kristofich will oversee the sales process.
“Hackensack has been the beneficiary of nearly $2 billion of private capital investment over the last decade, and continues to be one of the most in-demand communities in the state,” Kristofich said in a prepared statement. “With its exceptional location in Hackensack just steps from Hackensack University Medical Center, this property is an unmatched opportunity for investors seeking an irreplaceable location next to Hackensack University Medical Center.”
