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JLL Secures Long-Term Office Lease For SG Cos. At 216 State Route 17 North In Rochelle Park

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LEASED

New Jersey

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Office14,000 SF
Leased 12/05/2023
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LEASED

JLL Secures Long-Term Office Lease For SG Cos. At 216 State Route 17 North In Rochelle Park

216 State Rt 17 N

See Similar Deals
Office14,000 SF
Leased 12/05/2023
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:14,000 SF
Transaction Type:Lease

The multinational footwear and apparel company, SG Cos., has finalized a long-term office lease for approximately 14,000 square feet of office space in Rochelle Park. The three-story, 82,222-square-foot Class A mixed-use building located at 216 State Route 17 North will serve as the new location for SG Cos., which was previously based in Hackensack. The property is owned by Park Avenue BMW.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Market: Rochelle Park
  • Size: 14,000 square feet
  • Address: 216 State Route 17 North

This lease deal was facilitated by JLL, with brokers Colleen Maguire, Frank Recine, and Michael Pietrowicz representing SG Cos. on behalf of the landlord, Matt Feiner of SG Cos. The multinational company, known for its lifestyle brands such as Harley Davidson, Dockers, and IZOD, will now have a new office space that meets its business needs.

Players

Frank Recine
7 deals$48.1M volume(973) 829-4738
BROKER


Details

LEASED
IMAGE: Matt Feiner, Colleen Maguire, Frank Recine & Michael Pietrowicz DATE: 12/05/2023 ADDRESS: 216 State Route 17 North MARKET: Rochelle Park ASSET TYPE: Office ~ SF: 14,000 LANDLORD: SG Cos. - Matt Feiner BROKERS: Colleen Maguire, Frank Recine & Michael Pietrowicz - JLL (@JLL) NOTE: JLL has finalized a long-term office lease for SG Cos., a multinational footwear and apparel company, at 216 Rt. 17 N. in Rochelle Park. The SG Cos., known for producing lifestyle brands like Harley Davidson, Dockers, and IZOD, will relocate from Hackensack to occupy approximately 14,000 square feet of office space in the three-story, 82,222-square-foot Class A mixed-use building owned by Park Avenue BMW.

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Deal Type
Effective Rent (Annual)

$802,471.55

Total Lease Value

$8,024,715.52

Net Landlord Cash Flow$802,471.55