Press Release brought to you by NAI James E. Hanson

NAI Hanson Negotiates Lease for 31,550-Square-Foot Industrial Building in Saddle Brook, N.J.

08/21/2019

Saddle Brook, N.J. (August 21, 2019)  - NAI James E. Hanson announces it has negotiated a lease for a 31,550-square-foot industrial building with Leco Plastics, Inc., at 421 N Midland Ave in Saddle Brook, N.J. NAI James E. Hanson’s Steven Leitner, CCIM, and Scott Perkins, SIOR, represented the owner, Wilbur ’96, LLC, in the NAI James E. Hanson exclusive transaction.  

Established in 1946, Leco Plastics, Inc. is a premier manufacturer of cable ties, nylon ties, plastic ties, zip ties and plastic handles. Operated by second and third generation management, the company values providing high-quality products and services to customers in need of reliable, precision manufactured plastic items. The building’s ideal location in proximity to Route 80 and the Garden State Parkway provides Leco Plastics with easy accessibility to customers. Additionally, the building’s 5,000 square feet of office space, ample parking for 33 cars, 20’ ceiling height, and three tailgates, makes the space perfectly suited for the tenant’s manufacturing and distribution needs.

“The region’s accessibility to major population centers and excellent highway connectivity continues to make it a strategic location for manufacturing companies like Leco Plastics,” said Perkins. “Through a deep understanding of the market, we are able to work with our clients to ensure that they can properly market their spaces in line with this demand and attract high quality tenants like Leco Plastics.”

In addition to representing the building’s ownership in the lease with Leco Plastics, 421 Midland Avenue is professionally managed by NAI James E. Hanson’s Property Management Group. With over 5.6 million square feet of office, retail, and industrial property under management in New Jersey, Pennsylvania, Maryland, and Rockland and Orange counties in New York, NAI James E. Hanson’s Property Management Group works with a diverse roster of property owners to facilitate the ongoing management of their portfolios and ensure high tenant retention.

“As the brokerage model continues to evolve, we understand that our clients are searching for a wide range of service lines in their chosen real estate brokerage,” said Ivette Correa, Chief Operating Officer of NAI James E. Hanson’s Property Management Group. “Our Property Management Group is yet another example of NAI James E. Hanson’s ongoing evolution to better meet the needs of our clients through providing a full suite of commercial real estate services backed by the local market knowledge and expertise that has always made our team uniquely suited to excel in one of the nation’s most competitive real estate markets.”

For more insights on this submarket and a deeper look at the northern New Jersey industrial market, please download NAI James E. Hanson’s Q2 2019 Northern and Central New Jersey Industrial Report, which highlights market trends and key data in the industrial asset class throughout the region. For more information on NAI James E. Hanson’s Property Management Group, please visit them here or contact Ivette Correa at 201-488-5800x157, icorrea@naihanson.com.

To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook (www.facebook.com/NAIHanson), Twitter (@NAI_Hanson), LinkedIn (www.linkedin.com/company/nai-james-e-hanson), and Instagram (@NAI_hanson).

08/21/2019 - 10:30

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NAI James E. Hanson

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