For Immediate Release, contact:
Axiom Communications, Inc.
Matt Brown or Ron Simoncini
201-348-8998
info@axiominc.net
10/21/2009
HARTZ LEASES 138,643 SF TO MEADOWLANDS DISTRIBUTION, INC. IN ITS HARMON COVE INDUSTRIAL PARK, SECAUCUS, NJ
Secaucus, NJ - October 21, 2009 -Meadowlands Distribution, Inc. (MDI), which distributes all brands of Samsung America, Inc.'s apparel and footwear, will return to Hartz's Harmon Cove Industrial Park in Secaucus, NJ and will occupy 138,643 SF.
MDI provides distribution services for apparel and footwear brands under the Samsung America, Inc. umbrella. Brands include FUBU®, Coogi®, Crown Holder®, Married to the M.O.B.®, BB Dakota®, U.S. Polo Assn.®, Mountain Gear®, Cadillac®, Levi's® and True Religion®.
"MDI's choice to relocate to Harmon Cove is a reflection of Harmon Cove's strategic location," said Emanuel Stern, president and COO of Hartz Mountain Industries. "Situated between the ports and Manhattan, and located off Route 3 and the NJ Turnpike, Harmon Cove is an apparel distributor's dream, with access advantages second to none in the region. We welcome MDI back to Harmon Cove and are proud to call them tenants once again."
Kyo In Choo, President of Samsung America Inc., commented, "Not only have we been able to capitalize on today's opportunistic market, but in entering this long-term lease, we have also secured for ourselves, a prime location in terms of access to roads, ports and major cities for many years to come - which in our industry is everything."
Andrew Stypa of Sitar Company represented MDI on this transaction. Hartz Mountain Industries administered the transaction in-house.
35 Henry Street is an industrial building located within minutes of New Jersey Turnpike's Exit 15X in the Harmon Cove Industrial Park. The building is within minutes of Manhattan, the ports and Newark International Airport. The Garden State Parkway, Routes 17, 46, 1 & 9, and arteries to I-80, I-95 and I-280 are easily accessible. The building currently has 184,987 square feet of warehouse space available for lease.
About Hartz Mountain Industries, Inc.
Headquartered in Secaucus, NJ, Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 38 million sq. ft. in the northern New Jersey/New York area. Hartz employs a comprehensive approach to real estate that is facilitated by its full-scale in-house departments for leasing, management, finance, acquisition, architecture, construction, development, planning, and marketing, design and property management. By controlling the development process end-to-end, the company strives to remain at the forefront of commercial, industrial, retail and hotel development. Hartz has been recognized by NJPA Real Estate Journal as the "Best Developer of 2004" and the Business News New Jersey (NJBIZ) as one of the best places to work in New Jersey for 2004 and 2005. For more information, visit Hartz's web site at www.hartzmountain.com.