X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

SOUTH HACKENSACK, NJ-Two industrial leases totaling 110,155 sf have been signed at the Hampshire Cos.’ 30 Wesley St. here, GlobeSt.com has learned. The 248,000-sf, one-story building on 8.5 acres is part of the Morristown, NJ-based real estate investment fund manager’s Hampshire Partners Fund VI portfolio.

In the larger of the two signings, DW Direct Inc., a Garfield, NJ-based direct marketing company has leased 90,000 sf. The tenant specializes in custom design fulfillment, data processing and lettershop services. Additionally, New Jersey Label, an Englewood-based supplier of labels and tags, has leased 20,155 sf.

“30 Wesley continues to see high levels of leasing activity due in part to the building’s proximity to all of Northern New Jersey’s major highways,” says Thomas A. Vetter, who teamed with colleagues Jeffrey DeMagistris, Craig Levitan and John Aires of the Hackensack-based NAI James E. Hanson to arrange the signings. “The property also has the flexibility to accommodate users of various sizes.”

Terms of the two leases were not disclosed. A total of 65,000 sf is currently listed as available at the property, with asking prices of $6 and $6.50 per sf for three- to five-year terms.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.