The tenant was represented by Jeff Chaus, president of ChausRealty of Hasbrouck Heights, NJ, and locally based Hartz wasrepresented in-house. Further terms of the signing were notreleased.

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"We'd seen many buildings, and this one was ideal for us," saysSnatt USA president Marco Palazzi. "It is a perfect size. InEurope, we have more than 1.5 million sf of warehouse and officespace. We wanted to begin in North America as a small start-upoperation, but we plan to eventually develop just as large of anoperation in North America as we have in Europe."

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Snatt USA's clients will primarily be European exporters ofdesigner apparel, and the local operation is expected to be up andrunning later this year. Besides its use as the company'sheadquarters, it will also be a sorting facility for distributionof products to stores in the region. "We also like the proximity toManhattan," Palazzi says.

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"Logistics companies are a crucial part of the business today,"Chaus says. "Snatt is a full-service operation--they can pick goodsup at the airports or piers. They ticket and sort the items, thenship them to stores without manufacturers themselves having to taketheir own facilities and do the work."

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