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Donna Karan leases 335,000 sf in NJ.

Donna Karan leases 335,000 sf in NJ

Donna Karan, designer and manufacturer of women's clothing, has leased a total of 335,000 square feet in five buildings at Gotham Industrial Park, announced Robert Wilson, of Wilson Associates. The company is the owner and manager of the 19-building, 64-acre business park located in the New Jersey Meadowlands in Carlstadt.

The 10-year lease, negotiated by Alan Rosenberg of Jacobson, Goldfarb and Tanzman, is valued in excess of $13 million. The lease represents an expansion of activities for Donna Karan which has maintained a warehouse and distribution facilities at the park. The firm originally leased 50,000 square feet at 500 Gotham Parkway in 1988 and expanded into an additional 45,000 square feet in 1990 to completely fill that building.

The newest space will accommodate a number of new lines that Donna Karan has opened including a new men's clothing line, and an expansion of her clothing and accessories divisions. The company will take occupancy in stages during the next 12 months, immediately moving to two existing vacant buildings in the park, and taking occupancy in two currently leased buildings when the space becomes available. Donna Karan expects to employ a total of 190 people in the new facilities.

Donna Karan, the latest in a list of retailers to move to Wilson properties. Wilson specializes in single-story warehouse/ distribution facilities located in landscaped business centers. For instance, in the last year, A-Line Anne Klein and Najarian Furniture Company, Inc. leased a total of more than 75,000 square feet at Gotham Industrial Park. The companies operate a combination of warehouse, distribution and discount retail facilities.

PHOTO : Donna Karan, designer and manufacturer of women's clothing, is expanding from its original space at 600 Gotham Parkway into a total of 335,000 square feet in five buildings at Gotham Industrial Park, announced Robert Wilson, of Wilson Associates, owner/developer of the 64-acre business park.
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Title Annotation:square feet
Publication:Real Estate Weekly
Date:Feb 12, 1992
Previous Article:Studley: healthy '91 leasing in Midtown.
Next Article:First new tenant signs at 16 E. 34th Street.

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