NAI James E. Hanson Negotiates Lease Renewal for Long-Time Tenant at Park Ridge Office Building

Apr 7, 2020

Park Ridge, N.J. (April 7, 2020) – NAI James E. Hanson announces it has negotiated a lease renewal for 12,015 square feet of office space at One Maynard Drive in Park Ridge, N.J. NAI James E. Hanson’s Andrew Somple, SIOR, Justin Allessio, and Judy Troiano, CCIM, represented the landlord, Sartak Holdings Inc., in this transaction with the tenant, Amica Mutual Insurance Company.

Since 2018, NAI James E. Hanson has been the exclusive leasing brokerage for One Maynard Drive, a three-story, 139,000-square foot, Class-A office building located in the highly desirable Park Ridge/Montvale submarket. The amenity-rich building features a modern glass atrium, a full-service cafeteria with Wi-Fi service and seating on two floors, 750 Kw back-up generator, as well as on-site ownership, property management, and a day porter.

One Maynard Drive also boasts a strategic location with easy access to major transportation arteries including the Garden State Parkway, which is located less than a mile from the property. Route 17, Interstate 287, the New York State Thruway, and the Palisades Interstate Parkway are all within close proximity to the property and the entrance to the Tappan Zee Bridge is less than fifteen miles away. The space is also within walking distance to the Park Ridge Marriott, Lifetime Fitness & Spa and the Wegmans-anchored The Shoppes at DePiero Farm Shopping Center.

One Maynard Drive has been owned and managed by Sartak Holdings since the building opened its doors in the 1980s. Since that time, Sartak Holdings has managed the building from a dedicated onsite management office. Long-term tenants like Amica Mutual Insurance Company have been able to forge strong working relationships with their landlord and recognize the value of long-term ownership. These factors work in tandem to create a community feel among the building’s tenants and ownership that is truly unmatched in the local Upper Parkway market. The stability of ownership, coupled with the buildings’ superior location and modern amenities, has made One Maynard Drive the ideal home for Amica Mutual Insurance Company for almost twenty years.

“When looking at office tenants’ priorities, ownership stability and accessibility continue to be driving factors for prospective tenants which is why we believe that One Maynard Drive stands out among other office properties in this market,” said Somple. “As this unique building’s exclusive leasing team, we are proud of our continued work in driving results for our client through attracting high-quality businesses and retaining long-term tenants like Amica Mutual Insurance Company. We look forward to building upon our relationship with our client as we continue market this property to the wide range of businesses hoping to call northern New Jersey home.”

Currently, One Maynard Drive has 24,977 square feet available for lease. Interested tenants should visit http://www.loopnet.com/Listing/1-Maynard-Dr-Park-Ridge-NJ/3927255/  for more information about the property or contact NAI James E. Hanson listing broker Andrew Somple, SIOR, at 201-488-5800, ext. 151 or asomple@naihanson.com or Judy Troiano, CCIM, CIPS, at 201-488-5800, ext. 154 or jtroiano@naihanson.com.

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