Partner Joel Friedland, SIOR, represented the direct mailmarketer of childrens' products while Dan Tobin and Greg Wernischof CB Richard Ellis represented the pension fund.
"The lease renewal not only provides the firm with acost-effective solution, but also long-term flexibility," Friedlandsays in a statement. More room is needed to handle the firm'sgrowth, which includes One Step Ahead and Leaps and Bounds catalogoperations.
Tax records indicate the pension fund bought the 19-acreproperty for just under $1.7 million in 1995, subsequentlyrefinancing it for $8.4 million.
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