South Hackensack, N.J. (January 9, 2019) –NAI James E. Hanson announces it has negotiated the sale of a 20,000-square-foot industrial building at 143 Leuning St. in South Hackensack, N.J. NAI James E. Hanson’s Russell Verducci and Eric Demmers represented the buyer, City Knickerbocker, in the transaction with Schmidt Realty Company, LLC.
Family owned and operated for over one hundred years, City Knickerbocker has provided antique, reproductions and contemporary lighting fixtures to the television, movie, and theater industries, as well as many businesses and residential customers all over the world. Previously based at 665 11th Avenue in New York City, City Knickerbocker tapped NAI Hanson to help them secure a long-term home in northern New Jersey that could promise the same level of accessibility they enjoyed in their previous location at a lower cost.
Located just off of Interstate 80 with easy access to Route 46 and the New Jersey Turnpike, 143 Leuning Street is a highly flexible building with 17,500 square feet of industrial space and 2,500 square feet of office space. With one overhead door and two drive-ins, NAI Hanson’s team recognized that the building would be well-suited to the efficient storage, distribution, and delivery of City Knickerbocker’s wide variety of products to their global clients.
“As prices continue to rise in New York City, we are observing a notable uptick in the number of New York City-based companies looking to New Jersey for a new home,” said Verducci. “New Jersey’s ample accessibility and comparatively lower pricing provides these companies with the ideal mixture of affordability and efficiency they require to successfully run their businesses. Our team’s unique level of market knowledge ensures that we are well equipped to work with these clients to help them secure a space in line with their needs.”