Partner Joel Friedland, SIOR, represented the direct mail marketer of childrens' products while Dan Tobin and Greg Wernisch of CB Richard Ellis represented the pension fund.
"The lease renewal not only provides the firm with a cost-effective solution, but also long-term flexibility," Friedland says in a statement. More room is needed to handle the firm's growth, which includes One Step Ahead and Leaps and Bounds catalog operations.
Tax records indicate the pension fund bought the 19-acre property for just under $1.7 million in 1995, subsequently refinancing it for $8.4 million.
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