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LYNDHURST, NJ – As reported here this week, what was described as “a major Internet retailer” has signed a 12-year lease for just less than 30,000 square feet at 125 Chubb Ave., also known as Skyline Corporate Center. None of the parties involved in the deal would identify the tenant by name, but GlobeSt.com has learned from other industry sources that it is Barnes & Noble Inc., and specifically the company’s Barnes & Noble.com online retail division.

Further details were not released, but availabilities on-site are currently listed with an asking price of $27 per square foot. Sources also tell GlobeSt.com that the aggregate value of the deal is in the $10-million range

Barnes & Noble will occupy half of the third floor of the five-story, 278,500-square-foot property, relocating from a site in nearby Secaucus. The move will take place in April 2009 to the space once occupied by Ernst & Young as an office and data center. The latter was once the property’s major tenant, but shed its extensive space relating to financial industry cutbacks.

The signing leaves the remaining 250,000 square feet in the SL Green Realty-owned building on the market. The asset recently underwent a major overhaul after E&Y’s departure, including a new lobby, common area renovations incorporating green building technology, new systems, and new amenities and landscaping.

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