By Joshua Burd
An e-commerce toy and clothing distributor has leased 12,500 square feet at a warehouse and flex building in Fair Lawn, according to NAI James E. Hanson.
The real estate firm said it represented the landlord, Interior Renovations, and the tenant, LILAX USA, in the deal at 4-19 Banta Place. The property is a two-story, 55,000-square-foot building directly off Route 4 that provides easy access to routes 46 and 208, as well as Interstate 80 and the Garden State Parkway.
NAI Hanson’s Pablo Castro brokered the transaction.
“Well into 2017, demand from e-commerce companies has continued to power the Bergen County industrial market’s strong growth,” Castro said in a prepared statement. “Although large leases to companies such as Amazon have been the focal point of this trend, smaller e-commerce firms like LILAX USA have also been crucial in driving demand.
“Deals like this one highlight the demand that continues to exist for small to midsize industrial buildings in the marketplace from e-commerce distributors.”
LILAX USA will occupy 10,000 square feet of warehouse space and 2,500 square feet of office space on the second floor of the building, NAI Hanson said in a news release.
