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SECAUCUS, NJ-The Children's Place has signed a lease for 245,200 sf, representing the entire building at 2 Emerson Lane here. The asset is owned by the locally based Hartz Mountain Industries and is located within that company's Harmon Cove warehouse district in the Meadowlands submarket.

For the Children's Place, the signing marks a headquarters relocation, albeit a short one in terms of distance. The retailer will be moving its corporate offices, as well as related warehousing and distribution operations, to 2 Emerson Lane from the nearby 915 Secaucus Rd., another Hartz-owned property, where it currently occupies 183,000 sf. That relocation is expected to be completed by early 2007, according to a Hartz spokesman. Terms of the lease were not disclosed.

"Harmon Cove has been the location of our corporate office since 1999," says Steve Balasiano, senior vice president and chief administrative officer for the Children's Place. "Our corporate headcount in Secaucus has grown from approximately 100 employees to more than 600 employees in that time to support the growth of the company. A larger facility is necessary to facilitate our continued growth and expansion."