FLORHAM PARK — JLL has announced the successful arrangement of a long-term lease agreement for Valley Bank at 2 Hanover Road, a standalone retail property located in Florham Park, Morris County.
Valley Bank, a regional financial institution with a network of over 300 branches and commercial banking offices across the United States, has committed to a long-term lease to establish a retail bank branch at this location.
Constructed in 2007, 2 Hanover Road boasts a charming colonial-style architecture and offers a spacious 3,865 square feet of space, all situated on a half-acre lot. It features convenient drive-thru access and exterior parking with the capacity to accommodate up to 25 vehicles. Strategically positioned at a corner, the property enjoys a prime location at a signalized intersection, with frontage on both Hanover Road and Columbia Turnpike.
Blake Shanaphy, Vice President of JLL Retail, acted as the representative for Valley Bank in facilitating this lease transaction, while Amy Staats, Vice President at Katz & Associates, represented the landlord.
In the words of Shanaphy, “This represents a significant strategic move for Valley National Bank, enhancing their operational efficiency while ensuring they continue to serve the needs of Florham Park residents. 2 Hanover Road is strategically positioned in one of the county’s most desirable towns, offering excellent visibility and drawing heavy daytime traffic as both visitors and residents access nearby amenities, including restaurants, hotels, shops, parks, and golf courses.”
The location was previously occupied by HSBC Bank.