The RealReal, an online consignment shop for high-end clothing, has leased a new fulfillment center in Secaucus under a deal brokered by Newmark Grubb Knight Frank.
The San Francisco-based e-tailer has signed a 128,000-square-foot deal with Hartz Mountain Industries for the space at One American Way, according to the brokerage firm. The facility is company’s first location in the Garden State, following a multistate study aimed at finding a site for its new distribution hub.
“You’re constantly hearing about companies looking within New Jersey and looking at outside markets,” said Frank Recine of Newmark Grubb Knight Frank. “And this company truly did — they did a deep dive in Brooklyn and a deep drive in New Jersey — and between the product and the labor force, that’s really what drew them to New Jersey.”
Recine, an executive managing director with the firm, represented RealReal in the deal with Newmark Grubb Knight Frank Director Philip Grosse and Associate Jason Grosse, according to the firm. Hartz was represented in-house by Charlie Reese.
RealReal sells authenticated used designer clothes from companies such as Chanel, Hermès, Manolo Blahnik and Cartier — at up to 90 percent off retail prices, according to the brokerage firm. The company also has a site in New York City, which Recine said dovetailed with the operation of its new space.
It was not immediately clear how many jobs would be created at the Secaucus facility. A company representative did not return an email seeking additional details about the move.
The three-year-old retailer boosted its online sales nearly 300 percent last year to an estimated $60 million and is among the fastest-growing companies in its field, according to a recent report by Internet Retailer, a trade publication.
ALSO ON NJBIZ:
Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.View Comment Policy