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MH&W International Renews Lease For 13,227 SF Industrial Space In Mahwah

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LEASED
Darren Lizzack
Randy Horning

New Jersey

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Industrial13,227 SF
Leased 11/17/2023
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LEASED

MH&W International Renews Lease For 13,227 SF Industrial Space In Mahwah

575 Corporate Drive

See Similar Deals
Industrial13,227 SF
Leased 11/17/2023
Darren Lizzack
Randy Horning
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:13,227 SF
Transaction Type:Lease

Zohar Zisapel Properties Inc. and Radbit Computers Inc. have facilitated the lease renewal of a 13,227-square-foot industrial/flex space located at 575 Corporate Drive in Mahwah. The property boasts a 97.1% occupancy rate, highlighting its popularity in the Bergen County market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Date: 11/17/2023
  • Address: 575 Corporate Drive
  • Market: Mahwah
  • Square Footage: 13,227

The lease renewal was completed on behalf of the tenant, MH&W International Corp., by their representative, MRH Realty. The landlords, Zohar Zisapel Properties Inc. and Radbit Computers Inc., were represented by Darren Lizzack and Randy Horning from NAI James E. Hanson. This successful lease renewal ensures the continued high occupancy level of the industrial/flex space at 575 Corporate Drive.

Players

Darren Lizzack
The Clinical Group
Darren Lizzack
18 deals$63M volume
BROKER
Randy Horning
The Clinical Group
Randy Horning
16 deals$36.8M volume(201) 478-7392
BROKER

Details

LEASED
IMAGE: Darren Lizzack & Randy Horning DATE: 11/17/2023 ADDRESS: 575 Corporate Drive MARKET: Mahwah ASSET TYPE: Industrial ~ SF: 13,227 LANDLORD: Zohar Zisapel Properties Inc.; Radbit Computers Inc TENANT: MH&W International Corp. - Ulrich Gernhardt LANDLORD'S REP: Darren Lizzack (@LizzackHorning) & Randy Horning (@TheRealRandizzle) - NAI James E. Hanson (@NAI_Hanson) TENANT'S REP: MRH Realty NOTE: NAI James E. Hanson facilitated the lease renewal of a 13,227-square-foot industrial/flex space at 575 Corporate Drive in Mahwah for MH&W International Corp. The landlords, Zohar Zisapel Properties Inc. and Radbit Computers Inc., were represented by Hanson's Team Lizzack-Horning, ensuring the property's 97.1% occupancy level in Bergen County.

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Deal Type
Effective Rent (Annual)

$758,163.66

Total Lease Value

$7,581,636.58

Net Landlord Cash Flow$758,163.66