300 South Summit Ave. in Hackensack — Courtesy: NAI James E. Hanson
By Joshua Burd
A local congregation has acquired a single-story office building in Hackensack, with plans to relocate to the property from a neighboring town.
Brokers with NAI James E. Hanson announced Thursday that they represented Jose Alvarez in the sale of 300 South Summit Ave., a 2,331-square-foot building just off Route 17 and Interstate 80. The buyer, All Souls Evangelical Church, purchased the property for an undisclosed price.
NAI Hanson’s Darren Lizzack and Randy Horning represented the seller, while Allegra House of Prominent Properties represented the buyer.
“Having executed a number of transactions involving houses of worship over the years, we are aware of the unique complexities that often accompany these transactions including the need to secure use variances,” Horning said. “This experience provides us with a depth of knowledge in navigating this process and enables us to effectively communicate with our clients to ensure a smooth transaction.”
NAI Hanson noted that All Souls Evangelical Church is relocating from Bogota to the Hackensack building, which has an NJ Transit bus stop directly in front of it.
“During the course of this assignment, we went from seeing very few competing properties in the area to suddenly having several,” Lizzack said. “Although that can make securing above market value quite difficult, we were able to leverage our market knowledge to shift our marketing in line with the changing market conditions and negotiate a deal that exceeded our client’s expectations.”
