"There are very few corporate office buildings of at least100,000 sf that are currently available for sale in Northern NewJersey," Hirschinger adds.

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

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