February - March 2003 Edition

Vacancy Rate Lowest In Years The vacancy rate in the River Road area is the now the lowest since the River Road Improvement Corporation began tracking it. According to the improvement district's project manager, Don Smartt, the current vacancy list "reflects four major properties available for development rather then simple sale or lease."  He said "the strengthening of River Road has moved to a new stage -- from business recruitment for existing units to the development of new uses and the consolidation of smaller lots." River Road has become much more vibrant, recently, since immigrants began opening more specialty stores catering to Russian, Israelis, and Hindi-speaking shoppers. Smartt thinks "the most significant factor in the lower vacancy rate was the easing, but not complete elimination, by the local government of ordinances, fees and reviews which previously inhibited ease of opening for small 'mom and pop' stores." Edward J. Murphy who has worked with the improvement district for the past several years said that the publication of vacant properties by Fair Lawn News has also made a difference. Read about some of the new businesses in the next edition of Fair Lawn News.    River Road Vacant Properties Address Known As Contact Phone # Offered For Comments 10-16 River Road Interstate Glass Broker: Weichert Agent: Nettie Monaco 201-794-7722 Sale or Dvpt. Sale Price: $750,000 25 car parking Lot 12-29 River Road   Original Key Realty 201-791-1300 Rent 500 sq ft. office: Rent:  $850/mo + ½ utils. 12-26b River Road Accounting & Income Taxes Owner: River-Lyons Associates LLC    Rent Retail 14-08 River Road    Owner: Eugene Rotella 201-891-6497 Rent    14-23 River Road Sam Caramanna Broker:  Coldwell Banker, Eva Caramanna (973) 694-8000 Sale   15-01 River Road Grand Prix Performance Owner: Paul Harraka 201-791-8535 Rent Retail: 1200 Sq. Ft. 17-10 River Road, Suite 4 E    Broker: James E. Hanson, Inc.  Agent: Darren Lizzack 201-488-5800 Rent Office: 1007 Sq. Ft. Rent: $16 SF 18-01 River Road Teva Owner: Biocraft Labs Inc.  Broker: Sam Riela of Riela Realty 201-447-5552 Sale Industrial/Office Complex             3-12 Fair Lawn Ave.  Tutto Buono   201-797-8145 Rent 2,000 sq. ft.  4-02 Fair Lawn Ave Assemblyman Felice Legislative Office Broker: Re/Max Properties  Agent: Pat Zengel 201-670-8700 Ext. 301 Rent Office: 850 Sq. Ft. Kit., full bsmt. and 5-car parking lot.