Englewood, N.J. (May 17, 2018) – NAI James E. Hanson announces it has brokered three lease renewals at the Van Brunt Business Center in Englewood, N.J. Marathon Enterprises renewed their 5,000-square-foot lease at 9 Smith Street, GNS Trading Corp re-signed for 5,000 square feet at 21 Smith Street and ForTec Medical renewed their 5,000-square-foot lease at 41 Smith Street. NAI Hanson’s Ken Lundberg, SIOR, Steve Pastor, and Patrick Lennon represented the landlord, West Forest Avenue Industrial, Inc. and the tenants in the transactions at 9 and 41 Smith Street. Young Lee of Eastern Realty represented GNS Trading Corp in their renewal negotiation at 21 Smith Street.
Marathon Enterprises is a major regional supplier of meats gourmet delicatessen products across the New York City metro area selling their products under the Sabrett brand. Sabrett-branded products have been a mainstay at concession stands, sporting events and dining establishments throughout the tri-state area since 1948. Their lease renewal for 2,000 square feet of warehouse space and 3,000 square feet of office space at the Van Brunt Business Center will enable them to continue to efficiently distribute products to the greater New York City area and keep pace with their continually growing customer base.
GNS Trading Corp is a jewelry and watch distributor that utilizes the space at 21 Smith Street for their warehousing and distribution needs throughout the New York City area. The space at 21 Smith Street is a 5,000-square-foot unit with 2,000 square feet of office space, one loading dock and 18’ clear ceiling heights.
ForTec Medical is a pioneer in the medical device rental field providing area hospitals and treatment centers with access to the latest medical technology at a fraction of the cost of ownership. The lease renewal enables ForTec to continue to have a premier presence among the area’s largest hospitals to continue to grow their business and offer clients fast and efficient service.
“A rapidly tightening industrial market and lack of inventory has made it increasingly difficult for tenants to find suitable industrial spaces in the area that boast the combination of location and flexibility found at the Van Brunt Business Center,” said Lennon. “We expect that the owners of well-located, flexible properties like the Van Brunt Business Center will continue to be well-positioned for high tenant retention over the next several quarters.”
The Van Brunt Business Center is located less than ten minutes from New York City via the George Washington Bridge and provides proximity to Routes 4 and 80, the New Jersey Turnpike and the Palisades Parkway and contains a range of flexible spaces ideal for a wide variety of tenants. Currently, there is one 5,000-square-foot unit with two loading docks available at the property. To learn more about available leasing opportunities, contact Ken Lundberg at klundberg@naihanson.com or (201) 538-8395.
NAI James E. Hanson industrial team recently published their Q1 2018 Northern and Central New Jersey Industrial report, which highlights market trends and key data in this important market.
