NAI James E. Hanson said Wednesday that it negotiated a 19,600-square-foot industrial lease in South Hackensack.
Located at 208 Huyler St., the asset is a single-story building in a highly accessible location between Interstate 80 and Route 46. The building features 18-foot ceilings, 1,200 square feet of office space, two drive-in doors and one tailgate as well as 20 parking spaces. Aiming to capitalize on the strong demand for modern industrial space in the South Hackensack market, the building’s owner recently began a substantial capital improvement plan at the property. Completed upgrades include new LED lighting, HVAC and overhead doors. The building’s bathrooms and office areas are also currently being renovated.
Hanson’s Andrew Somple and Justin Allessio represented both the landlord, 208 Huyler LLC, and tenant, Everest Construction Group, in the transaction.
208 Huyler St.’s easy access to the northeastern United States via Interstate 80 and the New Jersey Turnpike as well as its regional connectivity through Routes 4, 17 and 46, paired with its tall ceilings and loading space, made it an ideal new warehousing and distribution center for Everest Construction Group as it sought to leave its current facility in Queens, New York. Headquartered in Albania, Everest’s footprint has grown to six different locations spanning Albania, Kosovo, Macedonia, Malta, Montenegro and the U.S.
“Due to the lack of available product across northern New Jersey, recently renovated warehouse spaces like 208 Huyler represent the gold standard for industrial space in New Jersey,” Somple said. “Deals like this showcase how these rare properties continue to be able to attract quality tenants like Everest Construction Group to New Jersey. We were happy to work with both of our clients to negotiate a long-term deal that would bring another new business to New Jersey while helping the landlord secure fair market value for their unique asset.”