In a transaction arranged by CBRE, Fashionphile, an online fashion resale website where consumers can buy and sell used women’s luxury designer handbags, accessories and jewelry, has inked a 105,118-sq.-ft. industrial lease in Moonachie, New Jersey.The property is currently being redeveloped by EverWest Real Estate Investors, which purchased the building in August 2017.

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 Mr. Schiffenhaus, First Vice President, 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.”

The new location is currently going through major renovations including a new façade, new ESFR sprinkler system and raising a section of the roof to 28’.

The property will serve as Fashionphile’s northeast operations. In addition to its headquartersin California, Fashionphile has brick-and-mortar studios in Beverly Hills; San Francisco; New York City; and Carlsbad, California.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.