Cushman & Wakefield of New Jersey, Inc.
One Meadowlands Plaza, Suite 1100
East Rutherford, New Jersey 07073
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Release Date: Wednesday, January 08, 2014
Media Contact: Evelyn Weiss Francisco (201) 796-7788
Cushman & Wakefield Completes 78,000-Square-Foot Headquarters Lease in the Meadowlands
Geoffrey Allen Corp. expands and consolidates at Hartz Mountain Property
SECAUCUS, N.J., Jan. 8, 2014 – Cushman & Wakefield has arranged a 78,000-square-foot long-term headquarters lease on behalf of Geoffrey Allen Corp. at Hartz Mountain Industries’ 115 Enterprise Avenue South in Secaucus. Senior Directors Andrew Stypa and Dan Badenhausen in Cushman & Wakefield’s Edison, N.J. office, along with Steve Elman in East Rutherford, represented Geoffrey Allen, and Hartz was represented in-house.
The tenant, an apparel and footwear company, has been a Hartz tenant for 25 years and prior to the latest transaction had leases in two nearby Hartz buildings.
“Geoffrey Allen is growing, wanted to have all of its operations under one roof and wanted to stay in Secaucus – the new location is less than one mile from their existing locations,” said Stypa. “The new space is anticipated to be ready for the first of the year.
“The company also wanted to remain with Hartz, and the latter was extremely cooperative in making this complex transaction happen,” said Stypa.
The building at 115 Enterprise Avenue South totals 184,000 square feet on 7.3 acres. Geoffrey Allen’s new headquarters, combining offices and distribution, is equipped with an ESFR sprinkler system, which enables the company to rack their inventory higher.
The signing also brings the 78,000-square-foot location full circle, with Geoffrey Allen filling space until recently occupied by Mainetti, the world’s largest manufacturer and distributor of garment hangers. In a transaction similarly arranged by Stypa and Badenhausen, Mainetti relocated and expanded its U.S. headquarters to a 100,000-square-foot site in Keasbey, N.J.
About Hartz Mountain Industries, Inc.
Headquartered in Secaucus, NJ, Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million sq. ft. in the northern New Jersey/New York area. In 2010, Hartz acquired a four-property apartment portfolio, which has since grown to close to 3,000 units. Hartz employs a comprehensive approach to real estate for leasing, management, finance, acquisition, architecture, construction, development, planning, and marketing, design and property management that allows the company to remain at the forefront of commercial, industrial, retail and hotel development.
In the past few years, Hartz has led the “green” way through a comprehensive program to reduce waste and energy use, while increasing clean energy production via investments in solar energy. Hartz has been recognized by Solar Energy Industry Association (SEIA) and the Vote Solar Initiative as top 20 commercial solar power users in the U.S.; and New Jersey Business and Industry Association (NJBIA) gave Hartz the “Environmental Quality Award”.
Additional recognition includes two awards for its energy efficiency practices in 2010 from Builders Owners and Managers Association (BOMA) of New Jersey, and NJPA Real Estate Journal as the “Best Developer of 2004”; Business News New Jersey (NJBIZ) recognized it as one of the best places to work in New Jersey for 2004 and 2005. President and Chief Operating Officer, Emanuel Stern has been recognized by NJBIZ as the “Green Executive of the Year,” NJBiz’s 100 Most Powerful People in New Jersey in 2012, and #1 in its Real Estate Power 50 Report in 2011. Mr. Stern also won the 2009 Industry Service Award from the Meadowlands Regional Chamber of Commerce.