Sparta, N.J. – NAI James. E Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the lease of a 2,025-square-foot industrial/flex space at 5 Park Lake Road in Sparta, N.J. NAI James E. Hanson’s John J. Schilp exclusively represented both the landlord 5 Park Lake Road, LLC, and the tenant Wild Flowers Farm, LLC, in the transaction.
Relocating from a home office, Wild Flowers Farm, LLC is a local small business specializing in floral designs for weddings and special events that plans to use its new space for its main office and event staging. The lease highlights the continued demand for space to support the dozens of wedding and event venues found across northern New Jersey. According to data from NAI James E. Hanson’s 3Q 2023 Northern and Central New Jersey Industrial Report, the Sussex County industrial market continues to have one of lowest vacancy rates in the region at 3.4%, making it difficult for tenants to find spaces to suit their needs.
“The Sussex County market continues to see limited supply and strong demand from smaller tenants like Wild Flowers Farm,” said Schilp. “We are thrilled to help them find a unit that perfectly fits their needs while helping the landlord secure a reputable tenant.”
Located in the Economic Development District of Sparta, 5 Park Lake Road is a 12,000-square-foot industrial/flex building just a half mile off of Route 15 near major retailers such as Starbucks and Shoprite. Each unit has one drive-in garage door, and the building features 30’ ceiling heights at its ridge and 14’ heights at the eves.
For more information on available space at 5 Park Lake Road, contact John J. Schilp at 973-240-2114 or jschilp@naihanson.com.
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 over 325 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.
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