Firm will oversee marketing and leasing for initial 36,529 square feet of retail space at the transformative mixed-use community
Hackensack, N.J. (May 24, 2021) – NAI James E. Hanson announces it has been named the exclusive retail leasing brokerage for 36,529 square feet of retail space that will comprise Phase One of the retail component at The Print House, the visionary redevelopment plan at the former site of The Bergen Record, located at 150 River Street in Hackensack, N.J. NAI James E. Hanson’s team of Michael Walters, SIOR, Jonathan Kristofich, and Cameron Silverstein will be handling the assignment on behalf of the project’s development team comprised of The Hampshire Companies, Russo Development and Fourth Edition, Inc.
Situated on a 23-acre parcel along the Hackensack River that formerly served as the headquarters for The Bergen Record for over 50 years, The Print House is the largest and most ambitious redevelopment project currently underway in Hackensack. Beginning construction earlier this year, The Print House project will bring over 700 luxury multifamily units and 55,387 total square feet of retail space as well as riverfront access and a wide variety of public outdoor spaces to the City over the next several years. Once completed, the development will not only be the largest riverfront community of its kind in Hackensack but a successful reinvention of the historic site that ensures it can continue to serve as an invaluable economic catalyst in the City’s ongoing transformation.
Among the first buildings to be completed at The Print House will be three, single-story retail buildings comprising 36,529 square feet the project’s 55,387-square-foot retail component. Scheduled for initial occupancy in late 2021, Building One includes 14,308 square feet of highly adaptable retail space and the adjacent Building Two will feature an additional 6,195 square feet of retail space. Located at the south end of the development, Building Three will be the largest retail building on-site spanning 16,026 square feet.
Ideally situated at the gateway of The Print House project with 1250’ of frontage on River Street, one of Hackensack’s busiest roads with nearly 19,000 vehicles passing per day, each of the Phase One retail buildings provides ideal visibility and accessibility suited for a wide range of tenants. Further enhancing the tremendous visibility, each of the retail buildings are strategically located at the main entrance points to the community once completed with Buildings One and Two bookending the main entrance to The Print House at the intersection of River and Atlantic Streets and Building Three anchoring the entrance at the corner of Bridge and River Streets. Furthermore, each of the retail buildings will be just steps away from the community’s two luxury multifamily buildings, its public riverfront walkway and community spaces.
“With 900 residential units already completed in the City since 2011 and another 4,000 units under construction or planned, the story being written in Hackensack right now is quite incredible,” said Walters, who has been directly involved in over 500,000 square feet of leasing and sales in Hackensack over his storied, multidecade real estate career. “The Print House’s retail spaces provide businesses of all types with a once-in-a-lifetime opportunity to secure a spot on the ground floor in this exciting chapter for the City while tapping into the dynamic growth that will continue to define Hackensack well into the future.”
Since adopting an ambitious rehabilitation plan in 2012 and its inclusion as a part of the federal Opportunity Zone program in 2017, Hackensack has seen one of the strongest resurgences in the state. Attracting interest from many of the top real estate investment firms such as The Hampshire Companies and Russo Development, the City’s 163-acre, 39-block Special Improvement District has seen billions in real estate investment activity that has brought a diverse blend of housing, retail, entertainment and hospitality space as well as much-needed infrastructure improvements to the downtown area. Over the next several years, redevelopment projects like The Print House will build upon this significant momentum to continue to create spaces geared towards attracting new residents, businesses and visitors to the City.
Tenants interested in retail space at The Print House should contact NAI James E. Hanson listing broker Michael Walters, SIOR, at 201 488 5800 x143, mwalters@naihanson.com.
