NAI James E. Hanson said Tuesday it negotiated a lease with MetroMultimedia for an 18,000-square-foot industrial building in Hackensack.
Hanson’s Andrew Somple, Scott Perkins and Justin Allessio represented the landlord, The Stro Cos., in the NAI James E. Hanson exclusive transaction.
Located at 211 S. Newman St., the transaction marked the second one negotiated by Hanson on South Newman Street in the last year.
The Stro Cos. said it recognized the goal of bringing the property and its adjacent building at 215 S. Newman St. up to modern standards and immediately started a capital improvement plan that included upgrades to the roof, parking, truck court, windows, and façade along with increasing the building’s loading capabilities. The finished product was a space well-suited for a wide range of industrial uses in a highly supply-constrained market.
The property is located with convenient access just off of Interstate 80 and is less than 7 miles from the George Washington Bridge, 12 miles from the Lincoln Tunnel, and less than 20 miles from Newark Airport.
“In a market as crowded and competitive as northern New Jersey, highly experienced brokerage teams can make all the difference for landlords hoping to find quality tenants at fair market value,” said Somple. “Through our deep understanding of the market, our team has built strong relationships with many of the area’s most successful developers like The Stro Cos. to help them navigate all facets of increasingly complex commercial real estate transactions.”
Established in 2006, MetroMultimedia is a leader in live event production providing audiovisual services for special events, galas, conferences, meetings, conventions, and trade shows. Headquartered in Paramus, the company will be utilizing 211 S. Newman St. for storage of multimedia equipment and fulfillment of orders in the tri-state area.