A portion of the Van Brunt Business Center along Smith Street in Englewood — Courtesy: NAI James E. Hanson
By Joshua Burd
Three tenants have renewed their leases at an Englewood business park, according to brokers with NAI James E. Hanson who arranged the deals.
The companies — Marathon Enterprises, GNS Trading Corp. and ForTec Medical — each recommitted to their 5,000-square-foot spaces at the Van Brunt Business Center, a complex that is minutes from the George Washington Bridge. NAI Hanson represented the landlord, West Forest Avenue Industrial Inc., while also serving as tenant broker for Marathon Enterprises and ForTec Medical.
Marathon Enterprises is a regional supplier of meats and deli products under the Sabrett brand. The company occupies 2,000 square feet of warehouse space and 3,000 square feet of office space at 9 Smith St.
GNS Trading Corp., a jewelry and watch distributor, renewed its lease at 21 Smith St. for a space that includes 2,000 square feet, NAI Hanson said. ForTec Medical, located at 41 Smith St., serves the medical device rental field, providing area hospitals and treatment centers with access to the latest medical technology at a fraction of the cost of ownership.
“A rapidly tightening industrial market and lack of inventory has made it increasingly difficult for tenants to find suitable industrial spaces in the area that boast the combination of location and flexibility found at the Van Brunt Business Center,” Patrick Lennon of NAI Hanson said. “We expect that the owners of well-located, flexible properties like the Van Brunt Business Center will continue to be well-positioned for high tenant retention over the next several quarters.”
Lennon joined Ken Lundberg and Steve Pastor, also of NAI Hanson, in completing the assignments for Hackensack-based firm. Young Lee of Eastern Realty represented GNS Trading Corp in its renewal.
The team touted the Van Brunt Business Center’s location less than 10 minutes from the George Washington Bridge. The property is also close to Route 4, Interstate 80, the New Jersey Turnpike and the Palisades Parkway.