SECAUCUS, NJ-Lantis Acquisition Corp. and HIG Capital have formally placed Lantis Eyewear’s 339,000-sf headquarters and warehouse/distribution facility here on the market. The two have also hired Keen Realty of Great Neck, NY to market Lantis’ leasehold in and find an assignee for the building, which is situated at 755 Secaucus Rd.

“The Lantis property represents a terrific opportunity for a company looking to expand,” says Moe Bordwin, chairman of Keen Realty. “It’s a state-of-the-art facility with excellent access to all major distribution points in the metropolitan area.”

The process of shedding the space began earlier this year when Lantis Eyewear unraveled financially and its assets were bought by Lantis Acquisition, an affiliate of HIG Capital, a Miami, FL-based private equity firm with more than $1 billion in equity capital. To facilitate the sale, Lantis went Chapter 11 last June and continued to operate as a debtor in possession.

HIG subsequently combined Lantis’ operations with Personal Optics, a Southern California-based marketer and distribution of eyewear. That move marked Lantis’ building here as surplus space.

The facility itself includes about 291,000 sf of W/D space, with the remaining space improved with some 48,000 sf of executive offices, according to Bordwin. The office component includes a cafeteria, two conference rooms, a raised-floor computer room and a gym.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.