Wyckoff, N.J. (March 24, 2020) – NAI James E. Hanson announces it has negotiated a lease for 16,500 square feet of industrial/flex space at 500 West Main Street in Wyckoff, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, and Justin Allessio represented the landlord, The Stro Companies, in the transaction with the tenant, PRE Sales Inc.
Located in Bergen County, 500 West Main Street is a 120,000-square-foot industrial building located on 13.7 acres. 500 West Main Street also boasts 21’ clear ceilings as well as ample parking and loading capabilities. Situated nearby Routes 4, 208, and I-287, the highly flexible property provides quick access to the George Washington Bridge as well as to the greater New York metro market and its international ports.
A leading manufacturer, importer and distributor of commercial grade portable furniture and event and hospitality equipment, PRE Sales offers a range of products specifically designed to accommodate the rental and hospitality industry. Formerly located in Moonachie, PRE Sales was attracted to 500 West Main Street’s convenient location and plans to use the space for the storage and distribution of furniture.
“Due to the lack of industrial product and rising rental rates in the Meadowlands, we are seeing a shift westward as industrial users are getting priced out of this highly favorable market,” said Allessio. “With an eye on this trend, we recognized the value proposition of 500 West Main Street and as a result, were able to help our client secure a quality tenant that would bring this recently acquired asset to full occupancy.”