143 Leuning St. in South Hackensack — Courtesy: NAI James E. Hanson
By Joshua Burd
A lighting company is relocating from Manhattan after acquiring a 20,000-square-foot industrial building in South Hackensack, in a newly announced deal by NAI James E. Hanson.
Brokers with the firm represented the buyer, City Knickerbocker, in its purchase of 143 Leuning St. from Schmidt Realty Company LLC. The property changed hands for an undisclosed price.
NAI Hanson’s Russell Verducci and Eric Demmers completed the assignment.
“As prices continue to rise in New York City, we are observing a notable uptick in the number of New York City-based companies looking to New Jersey for a new home,” Verducci said. “New Jersey’s ample accessibility and comparatively lower pricing provides these companies with the ideal mixture of affordability and efficiency they require to successfully run their businesses. Our team’s unique level of market knowledge ensures that we are well equipped to work with these clients to help them secure a space in line with their needs.”
Family-owned and -operated for more than100 years, City Knickerbocker has provided antique, reproductions and contemporary lighting fixtures to the television, movie and theater industries, along with business and residential customers all over the world, according to a news release. The firm is relocating from 665 11th Ave. in New York City and tapped NAI Hanson to help it secure a long-term home in northern New Jersey, one that could promise the same level of accessibility they enjoyed in their previous location at a lower cost.
Its new home provides a location just off of Interstate 80, with easy access to Route 46 and the New Jersey Turnpike. The South Hackensack building has 17,500 square feet of industrial space and 2,500 square feet of office space, along with one overhead door and two drive-ins.
