MAHWAH, NJ–Footstar Inc. has put its 129,000-sf headquarters building at 933 MacArthur Blvd. here on the market for sale and has hired Colliers Houston & Co. of Teaneck to find a buyer. For Colliers Houston, the assignment is being handled by EVP Mark Siegler and SVP Marc Hirschinger. Footstar has occupied the entire facility since 1986, according to Siegler.

“There are very few corporate office buildings of at least 100,000 sf that are currently available for sale in Northern New Jersey,” Hirschinger adds.

Footstar is a footwear retailer in the discount/family footwear sector, selling through licensed departments operated by Meldisco, mostly in Kmart and Rite Aid stores, while also distributing its own Thom McAn brand. Spun off by Melville Corp. a decade ago as a separate company, Footstar emerged from its Chapter 11 reorganization a year ago. The disposition of the building is related to that reorganization.

Located at a full interchange of Route 17 near Interstate 287 and Interstate 87, the building includes a cafeteria, computer center, print shop, mail distribution facility and a back-up generator system. Corporate neighbors include UPS, Jaguar, Datascope, Dial America, Seiko and Campmor.

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