Industrial property in Passaic

HACKENSACK, NJ-NAI James E. Hanson has snagged the property management assignment for a 1.3-million-square-foot portfolio of industrial properties in Bergen, Passaic and Middlesex counties.

As brokerages continue to compete fiercely in a difficult market for leasing, more and more are expanding their property management divisions  

Steve DeMattheis, NAI Hanson Management’s CEO trumpeted the big industrial deal as a coup: “We’re proud to have secured this assignment after competing against several of the largest management companies in New Jersey,” he said.

“During what has been regarded as one of the most difficult real estate markets since The Great Depression, companies and individuals have recognized the importance of professional property management,” DeMattheis added in a statement. He said his company is “evolving as a power player in the field.”

Also Thursday, Jones Lang LaSalle announced it has selected by Industrial Income Trust Inc. to manage the 230,953-square-foot warehouse and distribution facility at 261 River Road in Clifton.  JLL’s head of property management Linda Aronson said her company won that job after successfully handling management of another IIT facility at 330 South Van Brundt Street in Englewood.

“We are thrilled to broaden our relationship with IIT,” she said.

NAI James E. Hanson President William Hanson and DeMattheis began aggressive promotion of the company’s property management division almost two years ago. Over the past 20 months, it has added more than 2.3 million square feet of space to its management portfolio.

The division now manages 5.9 million square feet of commercial real estate. Other properties recently added to the portfolio are located in Bergen, Monmouth and Morris counties.

The NAI Hanson property management team includes Ivette Correa, COO, and Virginia Conrad, CFO; Paul Gingras, asset manager; Jill Van Wettering and Daniela Bonanata, property administrators and a full accounting department. 

JLL’s team for its new assignment includes Angela Alfano and Jillene Pena. They work closely with Kate Kilgore, director of asset management, and Michael Sargis, regional vice president for ITT.