NAI James E. Hanson has been chosen to market a highly desirable 1.41-acre redevelopment site in Hackensack, NJ. The property is situated in the Prospect Area, designated as an area in need of redevelopment and eligible for a long-term tax abatement. Overseeing the sales process will be VP Jonathan Kristofich.
The site includes several contiguous parcels – Office Plaza on First, 100 First St., 102-108 First Street, 114-124 First St., and 203 Beech St.- spanning both First and Beech Streets near Hackensack University Medical Center. This presents an ideal opportunity for developers to construct up to 553,500 square feet of mixed-use space.
According to Kristofich: “Hackensack has seen nearly $2 billion invested by private companies over the past decade and remains one of New Jersey’s most sought-after communities.” He also added that this property’s prime location near Hackensack University Medical Center makes it an unparalleled investment opportunity for those seeking a valuable location.
