SECAUCUS, NJ-The American Ballet Theatre has leased 71,000 sf of warehouse space at 245 Secaucus Rd., a 189,000-sf industrial building off Exit 16E of the New Jersey Turnpike here. The signing represents a direct lease with owner and former occupant GMA Accessories Inc., which has consolidated its own multiple locations elsewhere in the region. The maker of men’s and women’s fashion accessories had utilized the building as a warehouse and costume shop.
For ABT, which is based just across the river in Manhattan, the signing encompasses all of one of four units in the building on the market for lease. It’s also an expansion, with the much-heralded ballet company moving over from its existing 50,000-sf warehouse and storage space in Long Island City, NY.
ABT will use its new space to store sets and costumes for its more than 200 productions. “We needed a facility that could be used to store and preserve the integrity of the historical costumes and sets that we use for these performances,” David Lansky, ABT’s director of operations, tells GlobeSt.com. “Many of these costumes and sets are considered historical and cultural artifacts.”
ABT was represented by a CB Richard Ellis team headed by VP Suzanne Sunshine, and including SVPs Mindy Lissner and Joan Meixner, and senior financial analyst Lauren Crowley. GMA Accessories was represented by Team Resource Inc. of Carlstadt, NJ. Terms were not released; the space just leased, as well as the remaining space in the building, have an asking price of $7.25 per sf net.
“ABT approached us, and we were able to identify this property as one that would address their growing needs,” Sunshine says. “It’s only five miles from their New York City headquarters. It’s larger than their existing space, and it’s close to major highways to facilitate travel for their national tours.”