The new lease brings an end to a year and a half of leasingactivity at the space. According to Vetter and DeMagistris,Hampshire bought the building with the intention of bringing inmultiple tenants. To help attract them, Hampshire added a new roofand a new facade to the property.
More Specialized Transportation, which owns another warehouseproperty in Hackensack, plans to use 30 Wesley St. as overflowspace. The company will join fellow tenants DW Direct, NewJersey Label, Staples, Wicker Warehouse, World Rug, European StoneArt and AARD.
The property is located near several major roadways, includingRoutes 80, 46, 17 and 3 and the New Jersey Turnpike. In addition,the Teterboro Airport is about a mile away. The building featuresan on-site property manager, eleven tailgates and parking. Rents atthe property range from $5.50 to $6.75 per sf, which is average forthe Meadowlands market.
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