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Jones Lang LaSalle Represents The Hartz Mountain Corporation in Relocation of Research and Development Facility to Carlstadt

10/25/2012

 

Jones Lang LaSalle Represents The Hartz Mountain Corporation in Relocation of Research and Development Facility to Carlstadt

Firm also chosen as exclusive sales broker for the pet goods company’s former manufacturing and R&D facility in Bloomfield

CARLSTADT, N.J. Oct. 25, 2012 — Jones Lang LaSalle today announced that The Hartz Mountain Corporation has agreed to lease the industrial property located at 640 Gotham Parkway, an approximately 25,000-square-foot building in Carlstadt, N.J. The pet supply manufacturer is relocating its research and development facilities from Bloomfield, N.J.

Owned by Prologis, 640 Gotham Parkway features 3,500 square feet of office space, a 16-foot ceiling height, three exterior loading docks and approximately 45 parking spaces. Just minutes from New York City and located within the Gotham Industrial Park within the Meadowlands submarket, the building has easy access to the New Jersey Turnpike, I-80 and Routes 3, 4, 17, 46 and 120.

The Jones Lang LaSalle team of Managing Directors Tom Reilly and David Knee and Vice President Blake Chroman represented Hartz in the transaction, while the Jones Lang LaSalle team of Managing Director Rob Kossar and Vice President Chris Hile represented Prologis. 

“The facility had previously been used for production and testing and, as such, was equipped with certain infrastructure that Hartz found attractive. That said, Hartz is planning to make a significant capital investment to convert the property into a modern research and development facility,” Chroman said. “The location works well for Hartz because it is close to the firm’s Secaucus headquarters, but still allows for a separation of the business lines.”

Jones Lang LaSalle is also serving as the exclusive sales broker for the Hartz’s former manufacturing and R&D facility — a 16.5-acre redevelopment site located at 192 Bloomfield Ave., in Bloomfield. The company phased out of the 400,000-square-foot plant over an 18-month period starting in 2010, relocating the majority of its manufacturing operations to other facilities it occupies around the country.

For more than 85 years, The Hartz Mountain Corporation has delivered exceptional pet care products for consumers. Today, the company is 1,500 products strong — catering to dogs, cats, parakeets, canaries, parrots, cockatiels, finches, goldfish, tropical fish, reptiles, ferrets, chinchillas, guinea pigs, hamsters and rabbits.

In New Jersey, Jones Lang LaSalle is a leader in commercial real estate brokerage, project management and investment sales. Employing more than 600 of the region’s most respected industry experts, the firm offers Office and Industrial Brokerage, Tenant and Landlord Representation, Project and Development Services, Property Management, and Capital Markets services to its clients in New Jersey. The operations also serve as the local service provider for the firm’s global and national corporate clients that have a presence in New Jersey.

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About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, JonesLang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47 billion of assets under management. For further information, please visit www.joneslanglasalle.com.

 

 

 

 

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10/25/2012 - 13:59

Source

Jones Lang LaSalle

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