NAI James E. Hanson’s Lundberg & Lennon negotiates long-term lease for 271,176 s/f ind. building
Mahwah, NJ — NAI James E. Hanson has brokered a lease with Snow Joe DC, LLC, for Sitex Group’s new 271,176 s/f industrial building at 100 Performance Dr. in the Stateline Business Park in Mahwah. NAI Hanson’s Kenneth Lundberg, SIOR, and Patrick Lennon represented the landlord, Sitex Group and Brian Scheuer of Chaus Realty represented the tenant.The signing of the long-term lease with Snow Joe marks the culmination of a successful multi-pronged marketing effort by NAI James E. Hanson to secure a tenant for Sitex Group’s latest spec warehouse project. Situated on 20.74 acres of land, the state-of-the-art 271,176 s/f warehouse offers all of the features desired by today’s warehousing tenants such as 36’ clear ceiling heights, 54’x60’ column spacing, 36 dock doors, ESFR sprinklers, two Dr.-ins and parking for 25 trailers and 184 cars. Located less than a mile from the intersection of Route 17 and Interstates 87 and 287 with direct access to New York City via the Tappan Zee and George Washington Bridges, the property sits amidst one of the most easily accessible transportation hubs in Bergen County. The successful leasing of 100 Performance Dr. showcases the viability of the Northern Bergen submarket as one of the most active industrial markets in the state. The Northern Bergen submarket is well-positioned for continued strong growth on both the development and leasing fronts as tenants seek higher quality brick-and-mortar with easy access to the area’s transit arteries.