Electric bike company leases space for 1st physical location, NAI Hanson says

An electric bike company has signed a lease for a retail building in Budd Lake, according to real estate firm NAI James E. Hanson.

Naticycle Corp., which specializes in the sale and service of electric bikes, scooters and motorcycles, signed for 1,800 square feet at 111 Route 46, NAI Hanson said in a news release. The firm’s Joseph Vindigni represented the landlord, MidVale Associates LLC, as well as the tenant.

Naticycle, which had previously operated as an online-only company, will now use this space as a physical showroom, NAI Hanson said.

“As many sectors of the retail market struggle, the demand for products related to outdoor activities continues to stay elevated,” Vindigni said in a prepared statement. “I was pleased to be able to help the landlord attract an in-demand tenant to their space, while helping a local company expand their business through a physical location that will enable them to grow their customer base.”