Hackensack, N.J. (May 12, 2020) – NAI James E. Hanson announces it has negotiated a lease for a 22,526-square-foot industrial building located at 105-111 S. State Street in Hackensack, N.J. NAI James E. Hanson’s Patrick Lennon and Kenneth Lundberg, SIOR, as well as NAI Mertz’s Fred Meyer represented the landlord, Turabdin, in the transaction with the tenant, Advance Apparels, represented by Stevie Muller of Equity 3.
Highlighting the collaborative capabilities of NAI Global’s brokerage teams, the lease marks the second transaction negotiated by Lennon, Lundberg, and Meyer at 105-111 S. State Street. Previously, the team represented the owner in the sale of the building to Turabdin and now have represented Turabdin in their lease to Advance Apparels, a leading global supplier of women’s garments. women’s garments.
This property features an ideal location near the Garden State Parkway as well as Interstate 80 and Routes 46, 17, and 6. Formerly used for bakery operations, the building is highly adaptable to Advance Apparels’ distribution needs with 20’ clear ceilings and 2,000 square feet of office space as well as one drive-in and one tailgate.
“Through developing a strong understanding of our clients’ properties and local markets, we have been able to not only build strong relationships with many of them over several deals but it also allows us to have a comprehensive understanding of their needs,” said Lennon. “Our latest deal with Turabdin speaks to how we leverage this deep understanding of our clients to successfully close transactions on their behalf in competitive markets like Hackensack.”