Jersey City, N.J. (May 10, 2017)– NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a 130,963-square-foot lease to bring This Is It! Productions to Lackawanna Center located at 629 Grove Street in Jersey City. NAI Hanson’s Russ Verducci, Eric Demmers and Steve Pastor partnered with Lackawanna Center’s in-house representative Brett Weinblatt to represent the landlord, Lackawanna Warehouse Corporation of New Jersey II, with in the transaction. Scott Maynard of Weichert Commercial represented the lessee, Lackawanna Eastern Terminus LLC c/o This Is It! Productions Inc.
Previously a railroad warehousing and distribution building, Lackawanna Center has been reimagined as an industrial and retail complex of 1.3 million square feet. The property offers a superior location adjacent to the Holland Tunnel with direct access to the NJ Turnpike, Routes 1,9 and 440, and the Pulaski Skyway.
Previously based in Hoboken, This Is It! Productions has managed events and programs across the tri-state area since 1994. The concept and event production company was searching for a new home that offered the exact combination of accessibility, flexibility and affordability found in Lackawanna Center to accommodate their growing full-service event management, marketing, and sponsorship business.
“At NAI Hanson, we have witnessed a great deal of companies looking to relocate from pricier locations, such as Hoboken and Brooklyn, into the Jersey City area,” said Verducci. “This trend is powered by the affordability, location and access to a highly-educated workforce that Jersey City offers to prospective businesses. Our experience with this market and deals of this size allowed us to help bring a new business to the City while securing a valuable tenant for our client.”
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.