The Allendale Industrial Park in Bergen County is adding 27,000 square feet in new leases.
NAI James E. Hanson announced June 15 it negotiated two new agreements for industrial/flex space at the Allendale complex:
- Fuller Ingredients signed on for 17,500 square feet at 5 Pearl Court, and
- Porcelanosa USA signed a lease for 9,500 square feet at 3 Pearl Court.
A NAI Hanson team of Kenneth Lundberg, Patrick Lennon and Lorenzo Lambiase represented landlord Camber Real Estate Partners in both transactions. Fuller Ingredients was represented by Savills‘ Slava Vaynberg while Colliers‘ Noah Balanoff represented Porcelanosa USA.
“The demand for quality industrial space in northern N.J. continues to grow as the limited pipeline of available spaces decreases by the day,” Lundberg said. “While the competitive market is ideal for landlords with properties like those within the Allendale Industrial Park, it is critical that they continue to take the time and effort to find the right tenants for their spaces.
“We’re thrilled to have found a great match between the needs of the landlord and these two tenants that will create a mutually beneficial relationship for years to come,” he added.
Camber owns and manages the property with Advance Realty Investors; NAI Hanson was tapped to market the available space at the Allendale Industrial Park “with the hopes of capitalizing on the demand for high-end industrial space from tenants looking for long-term homes,” according to the firm.
Fuller Ingredients will base their East Coast operations from the 37,343-square-foot 5 Pearl Court, a single-story industrial flex/building. The company’s new space offers two tailgates, 20-foot ceiling heights and parking for 60 cars. Porcelanosa USA’s new location, 3 Pearl Court, is a 42,773-square-foot, single-story industrial/flex building with one tailgate, 20-foot ceiling heights, 480-volt electric service and a backup generator with in-place transfer switch.
Each facility — part of the larger, seven-building and 370,000-square-foot complex — is located directly off of Route 17.