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PARAMUS, NJ-Corporate America Realty & Advisors president Howard Applebaum recently represented Dassault Procurement Services USA, a division of Dassault Aviation, in a long-term lease for around 15,000 square feet of office/warehouse space at 53 W. Century Rd. here.

The aircraft manufacturer is consolidating its warehouse operations from a facility in Edison, along with its divisional headquarters and administrative offices now located in a separate Paramus office building. While the company declined to give rental rates, direct average asking rents in Bergen County are running around $27 per square foot, while industrial space is going for $7.47, according to a recently released Cushman & Wakefield report.

The leased premises will provide DPS with a facility that is around 50% office space. According to Applebaum, the consolidation plan of combining the “two business units into a single facility will immediately provide significant financial savings for DPS.”

The property is owned by the Teaneck-based Bonanno Real Estate Group, which was represented by Hal Lichtenstein and Marc Hirschinger of Colliers Houston & Co., also in Teaneck.

Dassault Aviation is a major player in global civil and military aviation. It is the only aircraft manufacturer worldwide that produces both business and military fighter jets. Its brands and products include Falcon–executive business jets, Mirage, Rafale and nEUROn–combat aircraft.

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