The only constant in the New Jersey commercial real estate market is change. One industrial property is being repurposed for a religious community center and Hindu temple, and another will produce Russian pancakes called blinis for a popular restaurant chain. Multifamily properties are also changing hands.

Leasing

HACKENSACK, NJ—A Russian restaurant chain will open its first US location in industrial space in Hackensack, NJ. Teremok USA signed a long-term lease deal for 4,500-square-feet of industrial space at 141 English Street. Randy Horning and Darren Lizzack of NAI James E. Hanson secured the space for the popular restaurant that serves blinis, or a kind of Russian pancake, in 270 locations across Russia. The space will be Teremok's first US location. Teremok will use the site to prepare food and service restaurants it expects to be opening in the area over the next few years. The site was previously used to service 15 Dunkin Donuts locations in the area. “The scope of Teremok's operations in Russia is truly impressive and we were able to find them a space which was previously used to supply restaurants, saving them time and money in buildouts,” says Horning. “Teremok's intentions are to open two US locations in Manhattan, and after being named to USA Today's 'top foreign fast food companies we want in the US', we fully believe in their capability to successfully grow their operations and we look forward to working with Teremok as they expand their US presence.”