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Donna Karan Signs Carlstadt Lease

CARLSTADT, N.J.— The Donna Karan Company, a subsidiary of LVMH, has signed a new lease at 400 Commerce Boulevard, owned by Russo Development.

In this 197,445-sq. ft. long-term lease, Thomas Carragher of Studley Inc. represented The Donna Karan Company, and Michael J. Pembroke, senior vice president – leasing & marketing, along with Adam Pasternack, director of leasing for Russo Development, represented the ownership.

The building, which will include approximately 23,615 sq. ft. of renovated office space, will serve as Donna Karan’s regional distribution hub for its signature apparel and accessories.

Donna Karan will occupy 400 Commerce on the heels of the previous lease expiration, maintaining Russo’s full occupancy level in its 3 million sq. ft. commercial portfolio and demonstrating the continued demand for quality space in the region. Donna Karan will be moving into the Russo Development office park in early 2012, and will join other tenants including Coach, JP Morgan Chase, SunGard, Hyundai WIA and Macy’s Parade Studio.

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