In a transaction arranged by CBRE, Fashionphile,an online fashion resale website where consumers can buy and sell used women’s luxury designer handbags, accessories and jewelry, has inked a 105,118 s/f industrial lease in Moonachie, New Jersey.
The property is currently being redeveloped by EverWest Real Estate Investors (“EverWest”), which purchased the building in August 2017. The CBRE team of Larry Schiffenhaus, Thomas Monahan, Stephen D’Amato, Anastasia Lazarides, Gerard Monahan and Lauren Griffith represented Fashionphile in the lease negotiations.
“Fashionphile had very specific space requirements, key among them was securing a property that aligned with their brand, partners and customer base,” said Schiffnhaus, First Vice President, CBRE. “The new space provided our client with the ideal location to expand its operations from where it can more efficiently reach its customer base.”
The new location is currently going through major renovations including a new façade, new ESFR sprinkler system and raising a section of the roof to 28’. The property will serve as Fashionphile’s northeast operations. In addition to its headquarters in California, Fashionphile has brick-and-mortar studios in Beverly Hills; San Francisco; New York City; and Carlsbad, California.