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KBS Completes Lease Expansion for Michael Kors (USA) Inc. at One Meadowlands Plaza

NEW JERSEY—Fashion designer Michael Kors (U.S.A.) Inc. has signed a lease expansion to occupy 12,336 sq. ft. at One Meadowlands Plaza, 1 422,000-sq.-ft., class A property situated in the Meadowlands submarket. In 2011, Michael Kors signed a 31,000-sq.-ft. lease to occupy the entire 12th floor and relocated its New Jersey operations from Secaucus.

CBRE’s leasing team of Patrick Murphy, vice chairman; Greg Barkan, senior vice president; Donald M. Sperling, senior vice president; Robert Norton, senior associate; and Supriya Kota, client services specialist, represented the landlord, KBS Realty Advisors. Cushman & Wakefield Executive Director Edward Duenas and Director Marc Graham represented Michael Kors.

KBS Capital Advisors purchased the East Rutherford property in 2011 on behalf of KBS REIT II, a non-listed real estate investment trust.

The property, which is also known as Metropolitan Center, has received LEED Gold Certification, a 2012 Energy Star Rating and was a 2012 TOBY award winner. Amenities at the property include covered parking, cafeteria, fitness center, video teleconference center, on-site dry cleaning, car wash and on-demand shuttle bus service to Secaucus Junction train station.

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