174 Union St. in Hackensack — Courtesy: NAI James E. Hanson
By Joshua Burd
A kosher catering business is expanding into a 5,800-square-foot industrial building in Hackensack, following a sale arranged by a broker with NAI James E. Hanson.
The real estate services firm said it represented Ninth Avenue Properties in its sale of the property, 174 Union St., to Petaks Kosher Foods Catering. Based in Fair Lawn, the 89-year-old catering business will use the new location to fulfill additional orders.
NAI Hanson Vice President Anthony Cassano represented the seller, while negotiating a lease-back of 300 square feet of office space at the location on behalf of the client.
“When one thinks of meal and food delivery, particularly in the Bergen County market, companies such as Amazon, Blue Apron and Hello Fresh immediately come to mind,” Cassano said. “A deal like this shows that local catering businesses are also looking to expand their operations in this market and searching for smaller, well-located spaces that enable them to reach even more customers.
“Our experience in sale-leaseback deals enabled us to work with the seller to find an ideal buyer that would enable them to continue to occupy the space and find a new owner for the building.”
The property is a two-story, USDA-approved processing plant with full cooking, preparation and refrigeration equipment, along with second-floor storage and six parking spaces, NAI Hanson said in a news release. The building provides easy access to Intestate 80 as well as routes 17, 46 and 4, allowing Petaks to serve its base in Bergen and Passaic counties and beyond.
