The new space will reportedly also accommodate the designer and distributor's growth plans. When asked why the deal was appealing, James Emden, managing director for Insignia/ESG, cited "timing and room to grow." Insignia spoke for the tenant in the deal.
Hartz currently owns and operates some 175 buildings in the New York/New Jersey area. The portfolio represents on the order of 34 million sf.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
