HACKENSACK, NJ—Hackensack's downtown redevelopment plan is bringing two organizations to leased space on Main Street in the Bergen County community.

Greater Bergen Community Action, Bergen County's federally designated anti-poverty agency, is leasing 392 Main Street, a two-story, 11,000 square-foot property, with an option to buy. The agency previously occupied about 12,000 square feet at 240 Main Street, a property it still owns, but that is being redeveloped into a 110-unit apartment building.

In the second transaction, First Bergen Federal Credit Union leased 93 Main Street, a 2,400- square-foot retail property formerly occupied by Chase Bank. Previously, First Bergen Federal had leased space at 240 Main Street.

Alexander Anderson Real Estate Group represented both the property owner and tenant in each transaction. The Main Street leases signal growing interest by commercial tenants in the City's downtown redevelopment plan.

Eric Anderson, CEO of Alexander Anderson, says 392 Main Street had been on the market for sale periodically over the course of the last four years, but had not attracted much interest until now because it was located on a quiet end of Main Street.

“However, Greater Bergen Community Action saw the potential of the special improvement district as new developers, retailers and restaurants began showing interest and investing in the Main Street redevelopment plan,” Anderson says.

Bergen Community Action's new space is located next door to one of the area's newest restaurants, Noches de Colombia, “which has been attracting a lot of attention in recent weeks,” noted Anderson, who also negotiated the lease at 382 Main Street for the new Spanish/Colombian restaurant in May. In addition, German supermarket chain Aldi will be developing a new store location on Main Street in the vicinity of Greater Community Bergen Action's new offices.

“The redevelopment of any downtown requires a few forward-thinking parties with a vision. We are excited to see that Greater Bergen Community Action saw the possibilities that Hackensack's revitalized Main Street will offer, and that First Bergen Federal Credit Union remained committed to staying in downtown Hackensack,” Anderson says. “Alexander Anderson is committed to helping potential commercial, residential and retail tenants alike see all the possibilities that Hackensack has to offer. Hackensack is a well-located, bustling city offering proximity to New York and key business centers to the north and south. It will serve as a fine example of how those with vision can have a meaningful impact on its conversion to a true lifestyle and business destination.”

HACKENSACK, NJ—Hackensack's downtown redevelopment plan is bringing two organizations to leased space on Main Street in the Bergen County community.

Instant Insights /

Redevelopment Draws Credit Union and Community Organization to Hackensack

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