6B — May 11 - 24, 2018 — New Jersey — M id A tlantic
Real Estate Journal
N ew J ersey
Scheuer of Chaus Realty represents tenant NAI James E. Hanson’s Lundberg & Lennon negotiates long-termlease for 271,176 s/f ind. building inMahwah M ahwah, NJ — NAI James E. Han- son has brokered Group’s latest spec warehouse project. Situated on 20.74 acres of land, the state-of-the-
the intersection of Route 17 and Interstates 87 and 287 with direct access to New York City via the Tappan Zee and George Washington Bridges, the property sits amidst one of the most easily accessible transportation hubs in Bergen County. The successful leasing of 100 Performance Dr. showcases the viability of the Northern Bergen submarket as one of the most active industrial markets in the state. The Northern Bergen submarket is well- positioned for continued strong growth on both the develop- ment and leasing fronts as ten- ants seek higher quality brick- and-mortar with easy access to the area’s transit arteries. “From the moment we were approached by Sitex Group to be the leasing agent for this property, we immediately rec- ognized the great opportunity that both this building and the Mahwah area held for a distribution and fulfillment- oriented company,” said Ken Lundberg, SIOR, senior vice president at NAI James E. Hanson. “With record prop- erty prices throughout much of Bergen County and a highly limited supply of state-of-the- art buildings, submarkets like Mahwah present industrial users with an ideal mix of lo- cation, flexibility and access to a highly skilled workforce that make this area a perfect location for companies like Snow Joe.” In a separate transaction, NAI James E. Hanson has brokered a lease for 40,000 s/f of industrial space to Handy Laundry at 50 Spring St. in Ramsey. NAI Hanson’s Ken- neth Lundberg, SIOR, Gary Sauerborn , and Patrick Len- non represented the landlord, Yankee Partners, LLC, in the NAI James E. Hanson list- ing. The building is managed by John Landers and Karen Vincentz. 50 Spring Street is a 132,389 s/f, single-story industrial building with 18’ ceiling heights and four tailgates located directly off Rte. 17 with easy access to both I-287 and Rte. 202. The building’s location in the upper Bergen County submarket will enable Handy Laundry to capitalize on the regions’ ideal mix of accessibility and affordability and provides the company with space needed for continued growth.
a lease with Snow Joe DC, LLC, for Si- tex Group’s new 271,176 s/f industrial building at 100 Perfor- mance Dr. in the Stateline
art 271,176 s/f warehouse offers all of the features de s i r ed by today’s ware- housing ten- ants such as 36’ clear ceil- ing heights,
100 Performance Dr.
Business Park in Mahwah. NAI Hanson’s Kenneth Lun- dberg, SIOR , and Patrick Lennon represented the land- lord, Sitex Group and Brian
54’x60’ column spacing, 36 dock doors, ESFR sprinklers, two Dr.-ins and parking for 25 trailers and 184 cars. Lo- cated less than a mile from
Scheuer of Chaus Realty represented the tenant. The signing of the long-term lease with Snow Joe marks the
culmination of a successful multi-pronged marketing ef- fort by NAI James E. Hanson to secure a tenant for Sitex
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