71,000-SF Lease Fills 224,000-SF Building

The San Mateo, CA-based Glenborough has now found a tenant for that vacant floor, and it's Phillips Van Heusen Corp. In a major expansion by the company, PVH has taken that full top floor, bringing the 224,313-sf class A office building to full occupancy, according to Sam Potter, Glenborough's regional director

.Glenborough was represented in the latest transaction, as in the earlier one, by David Simson, president of GVA Williams New Jersey, Parsippany. "This transaction offers a stabilized income stream to the ownership with a strong, quality tenant," Simson says.

PVH, meanwhile, was represented by Matt Astrachan, Mitch Konsker and Steven Bauer of Cushman & Wakefield's New York City office, who similarly represented the company in the earlier renewal. Terms were not released, other than that PVH's full-building occupancy now runs through 2020.

The building at 1001 Frontier Rd. consists of four stories on a 51-acre site between I-287 and Route 22. It combines with the smaller 999 Frontier Rd. to form the 265,000-sf Frontier Executive Quarters. The buildings are linked by a four-story atrium, and tenants in the smaller building include Hewlett-Packard, which operates a regional office, and ADP.

The New York City-based PVH uses the 1001 Frontier Rd. location as its central customer service operations center. And those customer service operations involve several of the best-known apparel brands on the market - besides Phillips and Van Heusen, the company makes and/or markets under license such names as Calvin Klein, Bass, Geoffrey Beene, Izod, DKNY, Kenneth Cole and Arrow.

Besides Frontier Executive Quarters, Glenborough also owns the nearby four-building, 3250,000-sf CenterPointe office complex. The company's core investment markets are Washington, DC, Southern California, Northern New Jersey and Boston.