Article: JC Penny leases in Fairfield, NJ.

In a transaction arranged by Insignia/Edward S. Gordon Co., Inc.'s (Insignia/ESG) Saddle Brook, NJ office, JC Penney Company has leased 106,450 square feet at 116 Lehigh Drive in Fairfield, NJ. Insignia/ESG's Benjamin Katz represented JC Penney in the negotiations. The lease term is for 15 years.

JC Penney will occupy the entire one-story building, relocating from a 32,000 square-foot facility in Parsippany, NJ. The new space will function as both JC Penney's district office and a "common receiving facility." It ...

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