Hackensack, N.J. – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a 3,500-square-foot retail lease with Maharaja Hypermarket at Crossroads 389, a five-story, 119,000-square-foot mixed-use community at 383-389 Main Street in Hackensack, N.J. NAI James E. Hanson’s Anthony Cassano, Vice President, represented both the landlord, Sonehan Clinton Court Urban Renewal, LLC, and the tenant, Primwayone, LLC.
Standing at the getaway to Hackensack’s transforming downtown, Crossroads 389 is an 82-unit residential building with ground-level retail constructed in a joint venture between The Hampshire Companies and Cannon Hill in February of 2021 . Maharaja Hypermarket’s scheduled opening in the fall will provide a sought-after shopping experience for residents and visitors to further enhance Main Street’s growing roster of sought-after shopping destinations.
Building on its success at Crossroads 389, The Hampshire Companies is also currently constructing a 270-unit mixed-use property at 321 Main Street that is scheduled for completion in the 3Q of 2024 and is expected to begin construction of a 40-unit mixed-use building located at 295 Main Street in the 4Q of 2023. In addition, the company is working with Russo Development to construct Print House, an ambitious mixed reimagining of the former headquarters of The Bergen Record along the Hackensack River scheduled for completion in early 2024.
“Finding a tenant to offer a sought-after service to the local community while providing an additional amenity for Crossroads 389’s residents was our main goal in this assignment,” said Cassano. “We are excited to welcome Maharaja Hypermarket to Hackensack and play a key role in the resurgence of the city.”
To learn more about retail leasing opportunities at 321 Main Street and 295 Main Street, please contact Anthony Cassano at 201-403-4087 or acassano@naihanson.com.
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