NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated retail leases to bring Starbucks, Blue Foundry Bank and Hackensack Meridian Health to The Shoppes at Print House, the visionary redevelopment project at the former site of The Bergen Record, located at 150 River Street in Hackensack, N.J. NAI James E. Hanson’s team of Michael Walters, SIOR, Jonathan Kristofich and Cameron Silverstein represented The Hampshire Companies, Russo Development and Fourth Edition, Inc., the developers of Print House project in the transactions.
Hackensack Meridian Health’s 6,076-square-foot space at Print House will be utilized as the healthcare system’s newest primary care and OBGYN facility to enhance its delivery of care to the growing Hackensack community. Capitalizing on the community’s ideal location along River Street, Starbucks will transform its 3,000-square-foot space into a full-service café with outdoor seating and a drive-thru. Blue Foundry Bank, a savings bank headquartered in Rutherford, N.J., will utilize its 2,151-square-foot space as a new branch location to further grow its existing footprint across Bergen, Essex, Hudson, Morris, Passaic and Somerset Counties. Finally, the project just signed a long-term lease with Jersey Mike’s. The Hackensack Meridian Health and Blue Foundry Bank locations are now open with Starbucks opening scheduled this fall.
“Our early retail leasing success speaks to the continued realization of the ambitious vision that has powered the reimagining of this historic site,” said Walters. “In addition to these first four leases, we have continued to see tremendous interest in the property from a variety of in-demand retailers and we are looking forward to announcing additional tenants at the community over the coming months.”
“As the place where my grandfather began his real estate career 100 years ago, Hackensack has always held a special place in The Hampshire Companies’ story,” stated James E. Hanson II, President & CEO of The Hampshire Companies. “We are excited to harness the power of real estate investment to continue to bring the vision behind Print House to life and play an important role in the impressive resurgence of Hackensack.”
Situated on a 23-acre parcel along the Hackensack River that formerly served as the headquarters for The Bergen Record for nearly 60 years, Print House is the largest and most ambitious redevelopment project currently underway in Hackensack.
“We are thrilled to be working with our partners to deliver these unique and convenient retail services to residents of Print House and the surrounding Hackensack community,” added Adam Pasternack, President of Russo Property Management. “The addition of these new businesses is reflective of the commitment we all share towards Hackensack’s emerging growth and success, enhancing the robust revitalization of the area.”
Welcoming its first residents last year, the first 271 residential units of phase one at Print House are now fully leased with phases two and three currently under construction. Print House will bring over 650 luxury multifamily units and over 30,000 total square feet of retail space while also providing residents and visitors with riverfront access and a wide variety of public outdoor spaces to the City over the next several years. Once completed, the development will not only be the largest riverfront community of its kind in Hackensack but a successful reinvention of the historic site that ensures it can continue to serve as an invaluable economic catalyst in the City’s ongoing transformation.
Ideally situated at the gateway of Print House project with 1250’ of frontage on River Street, one of Hackensack’s busiest roads with nearly 19,000 vehicles passing daily, The Print House’s retail buildings ensure ideal visibility and accessibility for a wide range of tenants. The buildings are also steps away from the community’s luxury multifamily buildings as well as its public riverfront walkway.
The Shoppes at Print House currently has a 3,803-square-foot end cap unit with abundant outside seating that is ideally suited for a restaurant user available. In addition to that, the site has approvals for a free-standing building pad that can accommodate a 13,000 SF retailer with a drive-thru. Tenants interested in retail space should contact NAI James E. Hanson listing broker Michael Walters, SIOR, at 201-488-5800 x143, mwalters@naihanson.com.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments. Additional information on the Hampshire Companies is available online at www.hampshirere.com.
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Media Contact:
Dan Johnson
R&J Strategic Communications
908-304-4113
djohnson@randjsc.com