77 Moonachie is currently being renovated by building owner EverWest Real Estate Investors.
MOONACHIE, NJ—Online fashion retailer Fashionphile has signed a 105,118-square-foot industrial lease at the 77 Moonachie building that is currently being redeveloped by EverWest Real Estate Investors of Denver.
EverWest purchased the building in August 2017 from Fairfield, NJ-based Woodmont Properties. No financial details of the latest transaction were released.
The building is currently going through major renovations including a new façade, new ESFR sprinkler system and raising a section of the roof to 28 feet.
The property will serve as Fashionphile’s Northeast operations. In addition to its headquarters in Carlsbad, CA Fashionphile has brick-and-mortar studios in Beverly Hills, San Francisco, Carlsbad and New York City.
The CBRE team of Larry Schiffenhaus, Thomas Monahan, Stephen D’Amato, Anastasia Lazarides, Gerard Monahan and Lauren Griffith represented Fashionphile in the lease negotiations.
“Fashionphile had very specific space requirements, key among them was securing a property that aligned with their brand, partners and customer base,” says Schiffenhaus, first vice president, CBRE. “The new space provided our client with the ideal location to expand its operations from where it can more efficiently reach its customer base.”
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
