Alexander Anderson Real Estate negotiates 13,400 s/f in leases
HACKENSACK, NJ — Alexander Anderson Real Estate Group has negotiated two leases totaling 13,400 s/f on Main St. in Hackensack’s downtown area. Alexander Anderson represented both the property owner and tenant in each transaction. In the first transaction, Greater Bergen Community Action leased, with an option to buy, 392 Main St., a two-story, 11,000 s/f property. The agency previously occupied approximately 12,000 s/f at 240 Main St., a property it still owns but that is being redeveloped into a 110-unit apartment building. The mixed-used property at 392 Main Street features onsite parking, two retail frontages, more than 5,300 s/f of warehouse space with drive-in access, high ceilings and accessibility to major highways. According to Eric Anderson, CEO of Alexander Anderson, 392 Main St. had been on the market for sale periodically over the course of the last four years but had not attracted much interest until now because it was located on a quiet end of Main St. “However, Greater Bergen Community Action saw the potential of the special improvement district as new developers, retailers and restaurants began showing interest and investing in the Main Street redevelopment plan.”
In the second transaction, First Bergen Federal Credit Union leased 93 Main St., a 2,400 s/f retail property formerly occupied by Chase Bank. Previously, First Bergen Federal had also leased 1,000 s/f of space at 240 Main St.