The transaction was arranged on behalf of the owner of the property by William C. Hanson, president, and associates Jeffrey DeMagistris and Thomas Vetter of NAI James E. Hanson Inc. of Hackensack, NJ. The owner is 205 Chubb Avenue LLC, a local group.
PCF Inc., meanwhile, was represented in the negotiations by Strategic Alliance Partners of Rochelle Park, NJ. Details of the signing were not released, although space in the facility is listed at $10.50 per sf.
"The convenient location, as well as the facility's professional corporate image, made it the ideal destination for PCF," according to Vetter. "This is a quality flex facility."
Built in 1980, 205 Chubb Ave. totals just under 152,000 sf and is situated in the Meadowlands submarket.
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