“This is once-in-a-generation opportunity for the right tenant to get into a warehouse space that is so dynamic it can change their business,” said Ernest A. Christoph, Hartz's vice-president for sales and leasing.

Hartz has already made speculative upgrades to the property, including increasing the floor load to 500 pounds per square foot, repainting the façade, and providing upgrades to the interior. The building has ceilings heights ranging from 26-feet, 6 inches to 30-feet, 6 inches, and a 50-door loading dock.

201 Bay Ave., situated just off Exits 13A and 14 of the New Jersey Turnpike, close to Newark Liberty International Airport and Route 1 & 9, is one of only a few privately-owned properties remaining in the district.

The site lies within an Urban Enterprise Zone, so its tenant is eligible for myriad incentive programs offered by the New Jersey Economic Development Authority which are available to businesses located in New Jersey or those relocating to the state. The incentives were streamlined and also made more generous and easier to qualify for last year in a major overhaul of state programs.

Headquartered in Secaucus, Hartz Mountain owns and manages one of the largest privately held real estate portfolios in the United States. It is one of a few major developers with in-house departments for leasing, management, finance, acquisition, architecture, construction, development and planning, across the field of real estate asset classes.