Polo Ralph Lauren Extends Lease

LYNDHURST, NJ-Polo Ralph Lauren has extended its lease for 167,000 sf of office space at Copper Ridge Center, signing on at least through 2019. Terms of the extension were not disclosed by landlord Wells Real Estate Investment Trust.p>In the transaction, the Norcross, GA-based Wells REIT was represented internally by senior vice president George Wells and associate asset manager Kevin Pell, and externally by Jon Meisel of Jones Lang LaSalle, Parsippany. Polo was represented by David Goldstein of Studley’s Midtown Manhattan office.

Copper Ridge Center, located on six acres at 9 Polito Dr. in the Meadowlands submarket, was completed in 1989. As reported by GlobeSt.com, Wells acquired the 10-story, 268,000-sf class A building in the summer of 2003, paying a reported $47 million, or just over $175 per sf for the asset. The seller was the Utah State Retirement Fund of Salt Lake City.