NAI James E. Hanson said Tuesday it negotiated a lease for 16,500 square feet of industrial/flex space at 500 W. Main St. in Wyckoff, in Bergen County.
NAI James E. Hanson’s Andrew Somple and Justin Allessio represented the landlord, The Stro Cos., in the transaction with the tenant, PRE Sales Inc.
The property is a 120,000-square-foot industrial building located on 13.7 acres. 500 W. Main St. also boasts 21-foot clear ceilings as well as ample parking and loading capabilities. Situated nearby Routes 4, 208, and Interstate-287, the property provides quick access to the George Washington Bridge as well as to the greater New York metro market and its international ports.
A leading manufacturer, importer and distributor of commercial-grade portable furniture and event and hospitality equipment, PRE Sales offers a range of products specifically designed to accommodate the rental and hospitality industry. Formerly located in Moonachie, PRE Sales was attracted to 500 W. Main St.’s convenient location and plans to use the space for the storage and distribution of furniture.
“Due to the lack of industrial product and rising rental rates in the Meadowlands, we are seeing a shift westward as industrial users are getting priced out of this highly favorable market,” said Allessio. “With an eye on this trend, we recognized the value proposition of 500 W. Main St.and as a result, we’re able to help our client secure a quality tenant that would bring this recently acquired asset to full occupancy.”