Cushman & Wakefield Completes 78,000-Square-Foot Headquarters Lease in the Meadowlands
SECAUCUS, N.J., Jan. 8, 2014 - Cushman & Wakefield has arranged a 78,000-square-foot long-term headquarters lease on behalf of Geoffrey Allen Corp. at Hartz Mountain Industries' 115 Enterprise Avenue South in Secaucus. Senior Directors Andrew Stypa and Dan Badenhausen in Cushman & Wakefield's Edison, N.J. office, along with Steve Elman in East Rutherford, represented Geoffrey Allen, and Hartz was represented in-house.
The tenant, an apparel and footwear company, has been a Hartz tenant for 25 years and prior to the latest transaction had leases in two nearby Hartz buildings.
"Geoffrey Allen is growing, wanted to have all of its operations under one roof and wanted to stay in Secaucus - the new location is less than one mile from their existing locations," said Stypa. "The new space is anticipated to be ready for the first of the year.
"The company also wanted to remain with Hartz, and the latter was extremely cooperative in making this complex transaction happen," said Stypa.
The building at 115 Enterprise Avenue South totals 184,000 square feet on 7.3 acres. Geoffrey Allen's new headquarters, combining offices and distribution, is equipped with an ESFR sprinkler system, which enables the company to rack their inventory higher.
The signing also brings the 78,000-square-foot location full circle, with Geoffrey Allen filling space until recently occupied by Mainetti, the world's largest manufacturer and distributor of garment hangers. In a transaction similarly arranged by Stypa and Badenhausen, Mainetti relocated and expanded its U.S. headquarters to a 100,000-square-foot site in Keasbey, N.J.