51-53 Hook Road in Bayonne — Courtesy: Colliers International
By Joshua Burd
A maker of fashion accessories has extended its 84,000-square-foot lease at a Bayonne industrial building, in a transaction brokered by Colliers International.
The real estate services firm said it represented the tenant, Cejon Inc., in the transaction at 51-53 Hook Road. The company has occupied the 300,000-square-foot building, which is owned by Hartz Mountain Industries, since 2005 and uses the space for its regional warehouse and distribution operation.
Colliers’ Dick Hecker handled the assignment out of the firm’s Parsippany office.
“The Hook Road property provides excellent highway access and proximity to Cejon’s many clients within the dense New Jersey retail market,” Hecker said. “We were pleased that Hartz Mountain Industries — the property’s ownership — offered attractive extension terms, enabling my client to remain in place.”
Cejon is a Manhattan-based company that is an officially licensed accessory house for Steve Madden, Betsey Johnson and Big Buddha, Colliers said in a news release. When it came time to consider moving, Colliers said the tenant decided to stay after taking stock of the surging demand and single-digit industrial vacancy in and around Port-Newark Elizabeth.
“There simply are not many options for tenants looking to relocate locally,” Hecker said. “That reality, combined with the cost of moving and strong ownership facilitated Cejon’s decision to pursue the extension at 51-53 Hook Road.”