NAI James E. Hanson.
NAI James E. Hanson announced the sale of two professional office condos totaling 1,510 s/f at 88 Bartley Flanders Road, Suites 101 and 108 in Flanders, N.J. Joseph Vindigni represented both the seller, William J. Habermann, and the buyer, Kiam & Abraham, LLC, in the transaction. 88 Bartley Flanders Road is a 5,600 s/f professional condo office building. The property is centrally located amongst a wide variety of retailers and provides easy access to Routes 10, 46 and 206, as well as Interstates 80 and 280. The buyer, Kiam & Abraham, LLC, a boutique law firm, plans to use Suite 108, a 760 s/f space featuring a large reception area and two private offices, to operate its law firm. The second condo, Suite 100 is a 760 s/f space that will continue to be leased to an accounting firm and utilized as an investment property by the buyer.
Paragon Realty Group LLC announced the acquisition of Barrington Plaza, a 131,000 s/f grocery-anchored community shopping center located in Great Barrington, Massachusetts. The shopping center is located on Route 7 in the heart of the affluent Berkshires resort area in western Massachusetts, approximately two hours from both New York City and Boston. A 44,667 s/f Price Chopper supermarket and new 24,141 s/f Marshalls co-anchor this area's dominant shopping center. John Nelson, president and CEO of Paragon said, Paragon purchased the property from an affiliate of Kimco Realty Corporation. JLL's Nat Heald and Chris Angelone brokered the sale.