Blau & Berg Brokers 207,107 S/F Lease at 397 East 54th Street

Elmwood Park, New Jersey – April 17, 2001 – According to Kenneth Crimmins, CCIM, SIOR, president and CEO of The Blau & Berg Company, a lease for 207,107 sq. ft. of space has been completed at 397 East 54th Street from Hartz Mountain Industries, owners of the 224,050 sq. ft. property.

Blau & Berg represented the tenant, Marcal Paper Mills, Inc., who will utilize the property to expand its existing distribution center which is in close proximity to Marcal’s Elmwood Park headquarters and production plant. The building is ideally suited to the company’s warehousing and national distribution operations.

Crimmins handled the negotiations for the long-term lease for Marcal Paper Mills, Inc., for Blau & Berg, along with Anthony Bufanio, CCIM, director, and other members of the team. Hartz Mountain Industries was represented by Ernest Cristoph, senior vice president, sales/leasing. “We’re pleased to welcome Marcal as another premier company in the Hartz family of tenants,” said Emanuel Stern, president of Hartz Mountain Industries, Inc. “Both of our firms have important legacies in New Jersey, and it actually is somewhat surprising that, given our lengthy histories, this lease is our first transaction. Now that it’s done, we look forward to a long association with an outstanding member of the New Jersey business community.”

Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the U.S., comprised of 185 properties and totaling more than 35 million sq. ft. in the northern New Jersey/New York area. Marcal’s newest Elmwood Park facility is sited on 11.8 acres in central Bergen County.

The Blau & Berg Co. has provided corporate real estate services to the world’s major users of warehouse complexes, distribution centers, and corporate office facilities. It is also a major player in the trucking industry, bringing solutions to facility and logistical requirements throughout the northeast.