NAI James E. Hanson’s headquarters in Teterboro — Courtesy: NAI James E. Hanson/Rotwein+Blake
By Joshua Burd
NAI James E. Hanson has promoted two industrial brokers to the role of vice president.
The Teterboro-based firm said the brokers, Patrick Lennon and Christopher Todd, both joined its team in 2013 and have made their mark in the highly competitive northern New Jersey commercial real estate sector. For his part, Todd has helped negotiate 70 industrial sales and leases spanning 2.8 million square feet and $273 million in value, working as part of a team led by veteran broker Scott K. Perkins.
Those deals include last year’s sale-leaseback of 66-96 East Union St. in East Rutherford, for $24.5 million, in a deal that was negotiated at the height of the COVID-19 pandemic.
“It is not easy to earn the trust of the most prominent developers, investors and tenants in our hyper-competitive market,” said Perkins, a senior vice president. “However, through his hard work and focus on client service, Chris has not only gained their trust but has become a sought-after commercial real estate expert. I am proud of all that Chris has already accomplished in his career and congratulate him on this much-deserved promotion.”
Working on a team with Senior Vice President Kenneth Lundberg and Associate Lorenzo Lambiase, Lennon has helped to negotiate 145 industrial sales and leases totaling 3.2 million square feet and valued at $236 million, according to a news release. In 2020 alone, he helped to close 30 sales and leases spanning 600,000 square feet and 95.45 acres, with a combined value of $73.5 million.
“From my first day working with Patrick, it was clear that he had the vision, creativity and relentlessness that are necessary to succeed in this industry,” Lundberg said. “Since that time, his body of work has only reinforced my confidence in his future as a key contributor to both our firm and the broader commercial real estate industry. I applaud him on this next step in his career and look forward to continuing to work with him in his new role.”
Lennon holds a bachelor’s in public relations from James Madison University and received a real estate certification from the Schack Institute of Real Estate at New York University. Todd earned a bachelor’s in business administration from Manhattan College.
