"There are very few corporate office buildings of at least 100,000 sf that are currently available for sale in Northern New Jersey," Hirschinger adds.

Footstar is a footwear retailer in the discount/family footwear sector, selling through licensed departments operated by Meldisco, mostly in Kmart and Rite Aid stores, while also distributing its own Thom McAn brand. Spun off by Melville Corp. a decade ago as a separate company, Footstar emerged from its Chapter 11 reorganization a year ago. The disposition of the building is related to that reorganization.

Located at a full interchange of Route 17 near Interstate 287 and Interstate 87, the building includes a cafeteria, computer center, print shop, mail distribution facility and a back-up generator system. Corporate neighbors include UPS, Jaguar, Datascope, Dial America, Seiko and Campmor.