NAI James E. Hanson on May 6 announced the appointment of two new vice presidents with the promotions of Patrick Lennon and Christopher Todd.
Both Lennon and Todd joined NAI James E. Hanson in 2013 and quickly established themselves as leaders in the highly competitive northern New Jersey commercial real estate brokerage community and valued team members at the Teterboro-based real estate firm.
Working on a team with Senior Vice President Scott Perkins, Todd has had an opportunity to partner with one of the nation’s most respected and knowledgeable industrial brokers. This experience allowed Todd to help negotiate 70 industrial sales and leases spanning 2.8-million square feet and $273 million in value since joining NAI James E. Hanson.
Todd’s ability to close deals in any market conditions was exemplified by one of the largest deals of his career – a sale-leaseback of 66-96 E. Union St. in East Rutherford for $24,500,000 – that was negotiated at the height of the COVID-19 pandemic in 2020.
“It is not easy to earn the trust of the most prominent developers, investors, and tenants in our hyper-competitive market,” said Perkins. “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.”
Over the course of his career with NAI James E. Hanson, Lennon, working on a team with Senior Vice President Kenneth Lundberg and Associate Lorenzo Lambiase has helped to negotiate 145 industrial sales and leases totaling 3.2-million square feet and valued at $236 million. In 2020 alone, Lennon 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 stated. “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.”