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NAI James E. Hanson negotiated a lease renewal for a 13,227-square-foot industrial/flex space at 575 Corporate Drive in Mahwah for MH&W International Corp., according to a Friday announcement from the broker.
Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack and Randy Horning, represented the landlords Zohar Zisapel Properties Inc. and Radbit Computers Inc., and MRH Realty represented the tenant in the transaction.
Established in 1964, MH&W International is a leading sales and engineering organization specializing in the magnetic materials industry. With sales offices and warehouses across North America, the company recognized 575 Corporate Drive as the ideal location for its headquarters, and Team Lizzack-Horning harnessed its deep understanding of the market to proactively secure the renewal on behalf of its clients.
“The rental market for industrial/flex space in Bergen County has dramatically changed over recent years,” Lizzack said. “We are proud to have helped Zohar Zisapel Properties and Radbit Computers retain their tenant and secure the current occupancy level of 97.1%.”
575 Corporate Drive is a two-story, 144,570-square-foot industrial/flex building equipped with three loading docks and an abundance of on-site parking. The property is easily accessible by Interstates 87 and 287, and Routes 17 and 202. A variety of major retail shops and restaurants are conveniently located nearby, including Starbucks, Home Depot and T.J. Maxx.
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