Heller Industrial Parks, one of the country's largest and most highly respected privately held owners and developers of industrial real estate, today announced that Jacques Moret, Inc. has signed a multi-year lease for 103,752 square feet at the company's 381,828-square-foot warehouse building on Ridge Road off of Route 130 in Dayton, N.J.
Jacques Moret, Inc. is an apparel design, sourcing and marketing company headquartered in New York City. In August 2009, the company leased 28,000 square feet of space at another building owned by Heller in Dayton. Within eight months of moving into that building, the company's business operations expanded, requiring additional space, which Heller was able to accommodate by moving Jacques Moret into its Ridge Road warehouse in Dayton.
Jacques Moret will use this new space for national distribution — wholesale and Internet fulfillment — of several exclusive apparel brands.
"This new lease agreement with Jacques Moret is an excellent example of the lengths that our company will go to in order to accommodate the business needs of our tenants," stated Jeff Milanaik, president of Heller. "At Heller, we pride ourselves on the strong, long-term relationships we have been able to forge with our customers, and are extremely pleased to have been able to meet the expansion requirements of Jacques Moret, while maintaining the company's strategic location in Dayton."
Heller Vice President Allan Ramsay and Vice President of Special Projects David Paster provided in-house representation. David Saltzman of Newmark Knight Frank represented Jacques Moret, Inc. in the transaction.
"With more than 16 million square feet of space in our portfolio, we are in a unique position to continue to service our tenants' industrial space needs as they grow their businesses," stated Ramsay. "Jacque Moret will benefit from this new building, which provides them with the space and location advantages that are inherent to the success of their business operations."