CHESTER, NJ-NAI James E. Hanson, has completed a21,559-square-foot, four-building sales transaction at 407-425 MainSt. here. This deal includes a 13,500-square-foot office buildingat 425 Main St., a 2,500-square-foot office asset at 423 Main St.,a 3,500-square-foot office building at 409 Main St. and a2,059-square-foot office property at 407 Main St. NAI James E.Hanson senior vice president John Schilp represented both theseller, Skylands Community Bank, and the buyer, DeSapioProperties.

"The Northern New Jersey office market has seen an increase inactivity lately, as prospective buyers are identifying affordabledeals and capitalizing on them," Schilp tells GlobeSt.com. "Inthese times, when distressed properties can languish on the market,this was a win-win situation with a well-qualified buyer.”

DeSapio Properties, a privately owned design/build developerthat works on new construction, renovation and property management,purchased the buildings as investment properties. As part of thedeal, DeSapio has leased the 13,500-square-foot building at 425Main St. to Skyland.