Luxury consignment brand The RealReal has signed a lease for a fulfillment center located in Perth Amboy, according to logistics real estate firm Prologis Inc., potentially bringing 800 jobs to New Jersey.
The RealReal will lease 492,276 square feet of industrial space, representing the entire property at 950 Convery Blvd., Prologis said Thursday in a news release. The site will serve as a new Northeast fulfillment center for the company, which primarily operates online but has retail stores in SoHo and West Hollywood.
“The building will serve as its third fulfillment center in the United States, in addition to warehouses in Secaucus and Brisbane, California,” CBRE Vice Chairman Thomas Monahan said in a prepared statement. “The company also plans to create another 800 jobs in New Jersey, which will be a tremendous addition to the local economy.”
CBRE’s team of Monahan, Stephen D’Amato, Larry Schiffenhaus, Anastasia Lazarides and Gerard Monahan represented Prologis in the transaction. Frank Recine, formerly of Newmark Knight Frank, along with Shannon D. Aja of NKF, represented The RealReal.
“The RealReal required warehousing space in a central location to meet its very specific and rapidly growing distribution requirements,” Recine said in a statement.