NAI James E. Hanson announced recently it has negotiated a 25,526-square-foot lease for Cactus Clothing Co., a clothing wholesaler, in Moonachie.
The one-story industrial/flex building is located on a 1-acre lot at 175 Anderson Ave., NAI Hanson said. It boasts 18-foot ceilings and five loading docks. The new landlord, NAI Hanson said, intents to make several improvements to it, including renovating 2,500 square feet of office space and installing new warehouse high bay LED lights.
Jeff DeMagistris and Tom Vetter of NAI Hanson represented the landlord, 175 Anderson LLC, in the deal.
Relocating from Carlstadt, Cactus Clothing said it plans to utilize the property for the warehousing and distribution of garments.
“With proximity to the Port remaining a top priority for companies looking for easy access to national and international distribution channels, well-located industrial assets such as 175 Anderson Avenue continue to be hot commodities in the industrial market,” Vetter said. “Leveraging our expertise with industrial assets and local market knowledge, we were able to help secure a quality tenant on behalf of the landlord.”
Financial terms were not disclosed.
