NAI James E. Hanson Negotiates Lease to Bring State-of-the-Art Flex Space to Full Occupancy in Teterboro, N.J.

Mar 21, 2019

Teterboro, N.J. (March 21, 2019) NAI James E. Hanson has announced a lease for 19,154 square feet of flex/industrial space with Zenith Freight Lines, LLC, at 195 North Street in Teterboro, N.J. NAI James E. Hanson’s Jeff DeMagistris, SIOR, and Tom Vetter, SIOR represented the landlord, Sonehan 195 North Street, in the transaction.

Originally constructed in 1960 by NAI James E. Hanson’s namesake, James E. Hanson, 195 North Street is a single-story 53,000-square-foot flex/industrial building featuring an ideal location less than a mile from Route 46, Interstate 80 and Teterboro Airport. Recognizing the deep history of the building along with its unique level of accessibility and adaptability, NAI James E. Hanson completed an extensive renovation of the space last year and moved its headquarters from Hackensack to Teterboro. The renovation created a brand-new headquarters for the brokerage firm while bringing a modern, industrial space to the local market.

Zenith Freight Lines is a specialized supply chain solutions provider, offering the home furnishings industry the control of an asset-based network to move product with greater efficiency, less damage, and a single source of visibility. With locations across the United States, Zenith Global Logistics was searching for a highly modern industrial space in the New York market that provided easy accessibility to the region’s core transportation arteries. They were able to secure a space at 195 North Street that met their needs bringing the building to full occupancy mere months after the completion of the renovation.

“Since James E. Hanson built his first industrial park in New Jersey, our firm has been committed to creating and finding spaces for the dynamic businesses that make up New Jersey,” said DeMagistris. “Decades later, we are honored to occupy one of his spaces where we can continue to build upon his legacy and help find homes for businesses across the state.”

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