77 Moonachie Ave. in Moonachie — Courtesy: CBRE
By Joshua Burd
An online market for preowned fashion accessories is leasing more than 100,000 square feet of industrial space in Moonachie, under a recent transaction with EverWest Real Estate Investors.
Brokers with CBRE announced Monday that Fashionphile has committed to 105,118 square feet at the property, which EverWest acquired in summer 2017. The Denver-based real estate investment and operating firm is in the midst of a redevelopment that will modernize the space at 77 Moonachie Ave.
The CBRE team of Larry Schiffenhaus, Thomas Monahan, Stephen D’Amato, Anastasia Lazarides, Gerard Monahan and Lauren Griffith represented Fashionphile in the lease negotiations.
“Fashionphile had very specific space requirements, key among them was securing a property that aligned with their brand, partners and customer base,” said Schiffenhaus, a first vice president with CBRE. “The new space provided our client with the ideal location to expand its operations from where it can more efficiently reach its customer base.”
Fashionphile is a website on which consumers can buy and sell used women’s luxury designer handbags, accessories and jewelry. The property will serve its Northeast operations, complementing its headquarters in California and brick-and-mortar studios in Beverly Hills, San Francisco, New York City and Carlsbad, California.
Its new home is undergoing renovations such as a new façade, a modern sprinkler system and a project to raise a section of the roof to 28 feet.