Hartz Mountain Industries’ first quarter of 2013 leasing report announced more than 1.5 million square feet of industrial, office and retail properties leased.
A bulk of these leases was in Hartz’s warehouse asset class, with 14 leases signed to date in 2013. Six of those were to new tenants totaling more than 344,419 s/f, including 126,086 s/f to US Display Group and 70,542 to Full Throttle Films in Secaucus, NJ and 58,775 s/f to Atlantic Health System, Inc. in Whippany, NJ.
Renewals were also strong with Pier One Imports renewing 634,000 square feet in Baltimore, MD and Preferred Display renewing 84,645 square feet in Clifton.
“Our outstanding first quarter can be attributed to our ability to provide well-located industrial properties near international ports in Newark and Elizabeth in New Jersey and Baltimore in Maryland, creating logistical advantages and reducing fuel costs,” said Emanuel Stern, president and COO for Hartz Mountain Industries.