Real Estate Weekly
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Deals & Dealmakers

Laundry leader leaving New York for Jersey

NAI James E. Hanson brokered a lease for 40,000 s/f of industrial space to Handy Laundry at 50 Spring Street in Ramsey, NJ.

Kenneth Lundberg, Gary Sauerborn and Patrick Lennon represented the landlord, Yankee Partners. The building is managed by John Landers and Karen Vincentz.

Handy Laundry is a manufacturer and distributor of laundry bags, hampers and household items.

Previously based in Rockland County, NY, Handy Laundry had been searching for a new location that presented them with the same high level of accessibility as their current facility but with lower real estate taxes and increased square footage to allow for continued company growth.

50 Spring Street is a 132,389 s/f, single-story industrial building with 18 ft. ceiling heights and four tailgates located directly off Route 17 with easy access to both Interstate 287 and Route 202.

“We have continued to see an increase in the number of companies looking to secure space in the Upper Bergen County market,” said Lundberg. “The attractive real estate taxes and comparatively lower leasing rates compared to neighboring submarkets provides companies with an ideal opportunity to relocate if they are looking for a new home.”

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