SECAUCUS, NJ—Growing luxury online consignment company The RealReal is downsizing its offices in Manhattan, but has opened a new warehouse facility in Secaucus.
The San Francisco-based firm reports it has opened a 129,000-square-foot warehouse at an unspecified address in Secaucus. The company states in its announcement that it moved its east coast processing and fulfillment operations from an “over-capacity warehouse in midtown Manhattan.”
"We were bursting at the seams of our Manhattan and San Francisco warehouses so the opening of our new Secaucus warehouse could not come at a better time for us operationally," says The RealReal CEO Julie Wainwright. "From an overall brand perspective, the new warehouse represents an exciting milestone of growth and expansion for our thriving business and allows us to support an even greater volume of authenticated luxury goods on a daily basis."
The RealReal's two-floor, 12,000-square-foot Manhattan office and warehouse have been halved to 6,000 square feet on one floor. The company also occupies 90,000 square feet of space in San Francisco and Los Angeles. See story in Crain's New York Business.
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