NAI James E. Hanson Negotiates 13,227-Square-Foot Industrial/Flex Space Lease Renewal in Mahwah, N.J.

Mahwah, N.J. (November 17, 2023) - NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated a lease renewal for a 13,227-square-foot industrial/flex space at 575 Corporate Drive in Mahwah, N.J.

NAI James E. Hanson’s Team Lizzack-Horning, comprised of Darren Lizzack, MSRE, and Randy Horning, MSRE, represented the landlords Zohar Zisapel Properties, Inc. and Radbit Computers, Inc., and MRH Realty represented the tenant, MH&W International Corporation, 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,” said Lizzack. “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.

Founded in 2014, Team Lizzack-Horning is an expert brokerage team that specializes in healthcare, office, and investment property transactions. Leveraging a holistic and analytical approach to working with clients, Team Lizzack-Horning’s expertise and experience are augmented by a trusted network of real estate service providers that help clients of any size navigate an increasingly complex healthcare real estate transaction process. Together, the team has successfully closed more than 80 deals over the past 24 months totaling more than $100 million.

For more information on available space at 575 Corporate Drive, contact Darren Lizzack at 201-448-5800 ext. 104 or, or Randy Horning at 201-488-5800 ext. 123 or

About NAI James E. Hanson

Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.

NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 325 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit

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