NAI Hanson Negotiates Lease Renewal and Expansion for Growing Hackensack Auto Repair Business
Hackensack, N.J. (May 25, 2017)– NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announces it has arranged a lease renewal and expansion for a 15,000-square-foot auto repair facility at 55 Midtown Bridge Approach in Hackensack, N.J. NAI Hanson’s Anthony Cassano represented the landlord, Global Tire Service, and the tenant, Pro Auto Repair, in the transaction.
55 Midtown Bridge Approach is a 22,000-square-foot retail property housing a 15,000-square-foot auto repair facility with eight repair bays and a 7,000-square-foot full service car wash. The property, which is currently for sale, is now fully leased and boasts frontage on two highly traveled streets, River Street and Midtown Bridge Approach, with quick access to Route 46 and I-80 making it a prime location for an auto-oriented business and an ideal investment opportunity.
Pro Auto Repair had previously been leasing 7,500 square feet of space at the property. The expansion will allow them to continue to offer superior service out of the same easily accessible location while also enabling them to double the size of their business to serve significantly more customers. The facility will serve as their flagship property and joins their other location in Palisades Park, N.J.
“This lease expansion to Pro Auto Repair is another example of the strength of the Bergen County commercial real estate market,” said Cassano. “The lease renewal and expansion with Pro Auto Repair will allow the company to continue to grow and serve new customers within this market. Well-located and flexible properties like 55 Midtown Bridge Approach offer tenants the opportunity to grow their business while offering prospective investors a unique opportunity to obtain a stable, income producing asset in a strong marketplace.”
To learn more about the property, contact Anthony Cassano, Vice President at NAI James E. Hanson at 201-488-5800 x146 or email@example.com.
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