The new long-term office lease of the brand imaging firm, a subsidiary of Schwak, boosts the company's space to 12,904 sf. The owner of the 375,000-sf property, North Jersey Development Group Inc. of Mountain Lakes, was represented by Mitchell Katz of CB Richard Ellis. Terms were not released.
Van Houten has also brokered the sale of two flex buildings, including 16 Park Way in Upper Saddle River. Allendale Machinery Inc. bought the 12,000-sf, two-story asset for $1.8 million, or $150 per sf, from Just-Mart, which was represented by Jeffrey Prezant of Cushman & Wakefield. Allendale Machinery, which distributes Haas machinery, will use the site as its headquarters.
And Van Houten represented both the buyer and seller in the trade of 50 Second Ave. in Nanuet, NY. The 11,200-sf building on four acres moved from the hands of one private group to another for $840,000, or $75 per sf.
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