NAI James E. Hanson on Thursday said it negotiated a 3,500-square-foot retail lease with Maharaja Hypermarket at Crossroads 389, a five-story, 119,000-square-foot mixed-use community at 383-389 Main St. in Hackensack.
Hanson’s Anthony Cassano, vice president, represented both the landlord, Sonehan Clinton Court Urban Renewal LLC, and the tenant, Primwayone LLC.
Standing at the getaway to Hackensack’s transforming downtown, Crossroads 389 is an 82-unit residential building with ground-level retail constructed in a joint venture between the Hampshire Cos. and Cannon Hill in February 2021. Maharaja Hypermarket’s scheduled opening in the fall will provide a one-of-a-kind shopping experience for residents and visitors to further enhance Main Street’s growing roster of sought-after shopping destinations.
Building on its success at Crossroads 389, the Hampshire Cos. is also currently constructing a 270-unit mixed-use property at 321 Main St. that is scheduled for completion in the third quarter of 2024 and is expected to begin construction of a 40-unit mixed-use building located at 295 Main St. in the fourth quarter.
The company is also working with Russo Development to construct Print House, an ambitious mixed reimagining of the former headquarters of the (Bergen) Record newspaper along the Hackensack River, scheduled for completion in early 2024.
“Finding a tenant to offer a sought-after service to the local community while providing an additional amenity for Crossroads 389’s residents was our main goal in this assignment,” Cassano said. “We are excited to welcome Maharaja Hypermarket to Hackensack and play a key role in the resurgence of the city.”