The new space will reportedly also accommodate the designer anddistributor's growth plans. When asked why the deal was appealing,James Emden, managing director for Insignia/ESG, cited "timing androom to grow." Insignia spoke for the tenant in the deal.

Hartz currently owns and operates some 175 buildings in the NewYork/New Jersey area. The portfolio represents on the order of 34million sf.

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.