Best Value Kosher Foods Inks Nearly 27K Lease in Elmwood Park
Achieve 24 Fitness currently operates in 13,000 square feet of space at the building as a fitness center and Digirad Corporation operates another 5,000 square feet.
ELMWOOD PARK, NJ— Best Value Kosher Foods has signed a 27,600-square-foot industrial lease at 475 Mola Blvd. here. The transaction brings the 45,000-square-foot building to full occupancy.
The lease deal was negotiated by NAI James E. Hanson. The brokerage firm’s Jeff DeMagistris, SIOR, Tom Vetter, SIOR, and Tom Ryan represented the owner, The Stro Cos., and the tenant, Best Value Kosher Foods, in the exclusive listing. The deal marks the second lease that NAI James E. Hanson’s DeMagistris, Vetter, and Ryan have negotiated this year at the property.
475 Mola Blvd. is a 45,000-square-foot industrial/flex building with 7,000 square feet of office space, six loading docks, one drive-in, and 165 parking spaces. The building features ideal accessibility near Routes 4, 17, and 46 as well as the Garden State Parkway and Interstate 80.
Achieve 24 Fitness currently operates in 13,000 square feet of space at the building as a fitness center and Digirad Corporation operates another 5,000 square feet. NAI Hanson negotiated the sale of the building to The Stro Cos. in 2018. The lease with Best Value Kosher Foods marks the completion of The Stro Cos. immediate stabilization strategy for the asset.