Friday, May 12, 2006

Jones Lang LaSalle


NAI Hanson Forms New Group
By Eric Peterson


HACKENSACK, NJ-NAI James E. Hanson, based here, has created a new group, the Government Services Division, to handle the real estate requirements of public sector entities. The division is headed by Peter A. Cohen, with the title of director, and sales associate John B. Aires.

"We formed this division in direct response to the strong government need for real estate advisory services," Cohen says. "Our objective is to provide government organizations with help in operating more efficiently and economically, and to help these municipalities make better decisions in today’s real estate market."

The division is already working on several projects for the City of Jersey City. The largest is the recent relocation of municipal employees from 325 Palisade Ave. to 24,000 sf at One Journal Square Plaza. The deal, according to Cohen, involves an initial five-year term with option for five more years. The group also negotiated a deal for an additional 3,200 sf on the building’s fourth floor.

Besides the One Journal Square Plaza deal, the group is also working on projects for Jersey City’s health and human services divisions, emergency services, city hall and the fire department. "And we plan to branch out to additional municipalities across New Jersey," Cohen says.

Cohen is no stranger to Hudson County, where Jersey City is located. Before joining NAI Hanson eight years ago, he had served as the director of community development for the City of Hoboken, and as chief of staff to a former Hudson County Executive. He’s also held positions in the New Jersey Department of Community Affairs and Department of Environmental Protection.

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