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Colliers Inks 143,000-Sq.-Ft. Industrial Lease for Article in Elizabeth, N.J.

| October 24, 2016 | 0 Comments

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Elizabeth, N.J., Oct. 24, 2016 Colliers International Group Inc. (NASDAQ:CIGI, TSX:CIG) has brokered a 143,000-square-foot industrial lease at 201 Bay Ave. in Elizabeth on behalf of e-commerce furniture company Article.

In an international effort, Colliers’ Mike Markey and Jon Tesser, based in the global commercial real estate services provider’s Princeton, N.J., office, and Andrew Lord, based in Vancouver, British Columbia, represented Article in negotiating the long-term transaction. Ernie Christoph and Charlie Reese served as in-house representatives for the landlord, Hartz Mountain Industries.

Founded in 2013 and headquartered in Vancouver, Article delivers modern designer furniture direct to the consumer at affordable prices. It works with manufacturers around the world to deliver a curated selection of furniture direct to customers across North America. The firm will relocate its New Jersey distribution center to the Elizabeth property from a 22,000-square-foot space in Lincoln Park, N.J.

“Article is a young, rapidly expanding company,” Markey noted. “The site search focused on identifying a property that would accommodate its continued growth while gaining proximity to the port – a key to controlling in-bound freight cost and facilitating fast delivery to customers.

“This property’s location – immediately adjacent to the Port Newark-Elizabeth Marine Terminal – is ideal for inbound shipments and fast delivery to their customers,” he added. “Additionally, our client appreciated the Hartz Mountain Industries’ responsiveness and flexibility. Ernie Christoph and Charlie Reese were instrumental in helping to get this transaction done.”

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About Colliers International Group

Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news on Colliers International in New York, follow @Colliers_NYC and Twitter.

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