News: Brokerage

Hartz Mountain Industries leases 117,680 s/f to Home Delivery America

Hartz Mountain Industries leased 117,680 s/f at 397 East 54th St. to Home Delivery America, a leader in home delivery, distribution, warehousing and logistics. Emanuel Stern, president and COO of Hartz Mountain Industries said, "For a very reasonable price, Elmwood Park, and our other north Jersey locations, provide our tenants with unparalleled conveniences in access and proximity to major cities and ports." Founded by owner, chairman and CEO Richard Merians in 1965, Home Delivery America provides third-party home delivery, distribution, and warehousing services for large products, which include furniture, appliances, large electronics, exercise equipment, and bedding. Notable clients include GE, Sears, The Home Depot, Bob's Discount Furniture, Sleep Savvy, LG, Maytag, and Whirlpool. Merians said, "Being based in Secaucus, N.J., Home Delivery America has become accustomed to the advantages of having warehouse space in north Jersey. Location and highway access are critical to our business, and here in Elmwood Park, we have both at a good price." The Home Delivery America Elmwood Park hi-tech facility will be one of the largest home delivery operations out of a single building in the U.S. It will have a capacity to exceed one hundred delivery trucks per day. 397 East 54th St. is an industrial building with an attached office component. The building is situated near Rte. 46, I-80, and the George Washington Bridge.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.