NAI James E. Hanson announced on Wednesday that it has sold 0.48 acres of land that was recently approved for the construction of a 15,000 square foot daycare center in Hackensack for $1.5 million.
Located at 547-555 Main Street, the properties are comprised of two separate lots enhanced by a 2.5 story mixed-use building on each lot. The lots are close to approximately 2 million square feet of Class A office space, Riverside shopping, Farleigh Dickinson University’s metropolitan campus, thousands of new luxury apartments, Highway 4, from several New Jersey Transit bus lines and the NJ Transit Anderson Street station. .
Jonathan Kristofich of NAI Hanson represented the seller in the transaction with the buyer, Yasmeen Fatima Property LLC, which was represented by Devin Perez of Sotheby’s Prominent Properties.
After 40 years of running a very successful family chiropractic center, the seller turned to Hanson to find a buyer – which he quickly did – for the properties. Hanson found a buyer interested in offering a universal pre-K-4 program to the community. This spring, the buyer won site plan approval from the Hackensack Zoning Board to build a 15,000 square foot day care centre, designed by Cheryl Schweiker, partner at Jarmel Kizel Architects and Engineers, to meet demand growing number of child care services. services in the region.
“Finding suitable land for redevelopment in Hackensack is no easy task,” Kristofich said. “In this transaction, it was a pleasure to work with the long-time owner of the property to guide him through the process of allocating land rights, which can take a long time. In total, the transaction took 54 weeks between contract signing and closing, including due diligence period and approval process Congratulations to the buyer and Devin Perez for bringing together Team A of third party professionals to complete the building design and submit it to the zoning council in a timely manner.
“I appreciated the opportunity to provide a solution to accommodate a daycare center on this difficult site. End-user safety and well-being along with adherence to strict state licensing guidelines has resulted in a facility that benefits the community,” Schweiker added.