Wells Fargo has sold a quarter-acre parcel of land in Hackensack, according to NAI James E. Hanson, part of the bank’s effort to dispose of unneeded assets.
The real estate services firm said in a news release that its Joan Cenicola and John Schilp represented the bank in the sale of 17 Salem St.
“The key to successfully marketing and negotiating the sale of a property like 17 Salem St. relies heavily upon truly understanding the asset’s best possible usage,” Cenicola said in a prepared statement. “In an evolving and in-demand location such as Hackensack, our local knowledge is vital as it provides us with an unmatched understanding of all factors and conditions at play, enabling us to facilitate a sale that represents the highest possible value for this kind of asset.”
NAI Hanson noted that Cenicola has represented Wells Fargo in 28 transactions valued at $38 million over the last five years.
