Real Estate Weekly
Image default
Deals & Dealmakers

Fashion brand leases 22,000 s/f NJ warehouse

A fashion brand that specializes in ethnic and sustainable clothing made in India has leased a 22,000 s/f showroom and warehouse space in Hackensack, NJ.

NAI James E. Hanson negotiated the lease for the 22,526 s/f industrial building located at 105-111 S. State Street in Hackensack, N.J.

Patrick Lennon and Kenneth Lundberg, SIOR, as well as NAI Mertz’s Fred Meyer, represented the landlord, Turabdin, in the lease with Advance Apparels, represented by Stevie Muller of Equity 3.

With two factories in India, Advance Apparels supplies retailers with over 500 fashion products in a variety of categories.

The lease marks the second transaction negotiated by Lennon, Lundberg, and Meyer at 105-111 S. State Street. Previously, the team represented the owner in the sale of the building to Turabdin.

Located near the Garden State Parkway, Interstate 80 and Routes 46, 17, and 6, the property was previously used for bakery operations. It has 20 ft. clear ceilings and 2,000 s/f of office space as well as one drive-in and one tailgate.

“Through developing a strong understanding of our clients’ properties and local markets, we have been able to not only build strong relationships with many of them over several deals but it also allows us to have a comprehensive understanding of their needs,” said Lennon. “Our latest deal with Turabdin speaks to how we leverage this deep understanding of our clients to successfully close transactions on their behalf in competitive markets like Hackensack.”

Related posts

VIA Outlets celebrates record-breaking year with €1.2 billion in brand sales – benefiting from a 27% increase in visitor expenditure

REW

Guitar Center Opens 300th Location in Naples, Florida

REW

National Developer TWG Supports Affordable Housing in Oklahoma with New $47MM+ Multifamily Community

REW