"The Lantis property represents a terrific opportunity for acompany looking to expand," says Moe Bordwin, chairman of KeenRealty. "It's a state-of-the-art facility with excellent access toall major distribution points in the metropolitan area."
The process of shedding the space began earlier this year whenLantis Eyewear unraveled financially and its assets were bought byLantis Acquisition, an affiliate of HIG Capital, a Miami, FL-basedprivate equity firm with more than $1 billion in equity capital. Tofacilitate the sale, Lantis went Chapter 11 last June and continuedto operate as a debtor in possession.
HIG subsequently combined Lantis' operations with PersonalOptics, a Southern California-based marketer and distribution ofeyewear. That move marked Lantis' building here as surplusspace.
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