EAST RUTHERFORD, NJ-The fashion design company Michael Kors (USA) Inc. has signed an expansion lease for an extra 12,336 square feet at One Meadowlands Plaza here, where it moved its operations in 2011. The company already occupies 31,000 square feet on the 12th floor of the building, according to KBS, which bought the building the same year.
“We believe Michael Kors chose to expand at One Meadowlands Plaza because it is much more than just a place to work, and provides them with an environment where the brand can truly grow,” said Randi Kaufman of KBS in a release.
The building, located at the heart of the Meadowlands market, offers easy access to mass transit and numerous amenities, including covered parking, cafeteria, a complimentary fitness center, video tele-conference center, on-site dry cleaning, car wash and on-demand shuttle bus service to Secaucus Junction train station and local restaurants and shops.
A CBRE team represented the landlord in the expansion lease; it included CBRE's vice-chairman Patrick Murphy, along with Greg Barkan, Donald M. Sperling, Robert Norton and Supriya Kota. Cushman & Wakefield's Edward Duenas and Marc Graham represented Michael Kors.
“One Meadowlands Plaza has positioned itself as one of the premiere North Jersey office locations,” Barkan said. “Existing tenants see the importance of expanding their operations in the building, and potential tenants appreciate the significance of relocating their offices here.”
KBS Capital Advisors purchased the property in 2011 on behalf of KBS REIT II, a real estate investment trust. The trophy-quality property, which is also known as Metropolitan Center, has received LEED Gold Certification, a 2012 Energy Star Rating and was a 2012 TOBY award winner.
The building overlooks the new MetLife Stadium, home of the New York Giants and New York Jets, and the developing American Dream at the Meadowlands shopping and entertainment complex. It is adjacent to the Sheraton Meadowlands Hotel and Conference Center, off Exit 16W of the New Jersey Turnpike at the junction of Routes 3 and 120.
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