NAI James E. Hanson on Wednesday said it negotiated a 42,985-square-foot lease renewal at Hollister Corporate Center in Teterboro.
Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack and Randy Horning, represented the tenant, Bergen Fitness Inc., along with Matthew Meade of MWM Group, in the transaction with Dawson Logistics Assets LLC (Maple Tree US Management LLC), which was represented by Marc Petrella of KBC Advisors.
Located at 100 Hollister Road, Hollister Corporate Center is a 177,092-square-foot, multitenant flex property. Featuring proximity to Routes 17 and 46 as well as Interstate 80, the property is suited to fit the needs of a variety of commercial and industrial tenants.
Interested in extending their stay at the property to continue operating a Gold’s Gym, the tenant tapped NAI James E. Hanson to negotiate a lease renewal. Utilizing their deep understanding of the Bergen County market, Team-Lizzack Horning provided the real estate services needed to help their client negotiate a renewal in one of the most competitive industrial markets in the area.
“When a renewal is signed, it often represents the continuation of a successful relationship between the landlord and tenant,” Lizzack said. “In this case, our client has found success operating a fitness center and hoped to continue to operate at this location for years to come. We’re happy to help our client extend their stay at the property and wish them continued success.”
