(Read more on the industrial market.)
SECAUCUS, NJ-Locally based Hartz Mountain Industries has signed Cous Transport Systems Inc. to a lease for 140,737 sf of industrial space at the company's 77 Metro Way building, also here. The asset is located within Hartz Mountain's Harmon Cove Business Park.
Terms of the lease were not disclosed. The building's remaining space is currently listed on Hartz's website with an asking rent “upon request,” and for a minimum term of five years. The remainder of the 384,543-sf building is still on the market, an availability that totals just more than 243,800 sf.
“The Northern New Jersey industrial market has been a consistent performer,” says Hartz Mountain president and COO Emanuel Stern. “At our Harmon Cove industrial properties, we continue to see high demand, partially due to the opening of Exit 15X on the New Jersey Turnpike, which essentially made Harmon Cove 15 minutes closer to the Ports of Newark and Elizabeth, as well as Newark Liberty International Airport.”
“We are looking forward to a long professional relationship with Hartz Mountain Industries,” says Su Lee, president of Cous Transport Systems. His company, a local trucking and motor freight operation, is currently based in Ridgewood.
The building at 77 Metro Way officially hit the market at the beginning of this year when Hartz held a broker open house for the then completely vacant building. The asset has had various occupants over the years, most recently an apparel distributor. Located near both Route 3 and the New Jersey Turnpike, and mass transit access via the Secaucus Junction train station, the building's features include 27-foot ceiling heights.
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