Member News — NAI Hanson Negotiates Full Building Retail Lease in Parsippany
September 21st, 2018
NAI James E. Hanson has negotiated a lease for an approximately 12,000-square-foot retail/showroom building with Home Comfort Furniture at 120 Rt. 46 W. in Parsippany, N.J. NAI Hanson’s Randy Horning and Darren Lizzack represented the tenant, Home Comfort Furniture, and the landlord, Peak Realty Enterprises LLC, in the NAI James E. Hanson exclusive transaction.
Home Comfort Furniture provides high-quality furniture and bedding products to its consumers throughout the region. With over 10 year’s’ experience in the furniture business, they are able to provide easy financing options, on time services, and have an excellent track record of high customer satisfaction at all times going above and being the transaction.
120 Route 46 W. provides Home Comfort Furniture with an easily accessible and spacious showroom in one of the state’s most in-demand retail corridors. Their lease for 12,000 square feet will allow the company to establish the only furniture outlet in the Parsippany area and meet their long-term retail and storage needs. There is no other furniture store in the area that can match both the quality and prices Home Comfort Furniture offers.
“Despite skepticism regarding the retail market in recent quarters, we continue to see strong demand for well-positioned retail space in corridors like Rt. 46,” said Horning. “We recognized that this location would be perfect for Home Comfort Furniture as the area was currently lacking a furniture outlet, and the accessibility of the space made it ideal for the company to establish a presence in the market. The Parsippany market’s strong growth fundamentals continue to make it an ideal location for both retail operators like Home Comfort Furniture and retail owners searching for quality tenants.”