HARTZ MOUNTAIN INDUSTRIES MEETS MORRISTOWN MARKET NEEDS WITH UPGRADES TO CHANCERY SQUARE APARTMENTS

MORRISTOWN, NJ, September 13, 2012—A comprehensive renovation program at Chancery Square Apartments in Morristown is underway, with several
new amenities and the common areas completely redecorated and refurnished.  Additionally all apartment are slated for new kitchens, bathrooms, floors and other features as they become available. 

Purchased by Hartz Mountain Industries in 2011, the property’s renewal responds to the growing demand for luxury rentals in Morristown.  The market has responded well, with new units leasing as they become available.

"This building had great bones, and the potential to satisfy the needs of individuals living in Morristown, whose tastes have become more sophisticated in the 10 years since Chancery Square was built,” said Emanuel Stern, president and COO for Hartz Mountain Industries.  “We’re seeing
that renters here are willing to pay for upgraded finishes and amenities, and we are happy to accommodate.”

The front entryway of Chancery Square, located at 11 Cattano Ave., was remodeled to make a grand first impression with new seating in rich colors and textures and an accent wall embellished with stonework imported from
Greece. 

Further into the building, you encounter a crystal chandelier imported from Italy and updated carpeting, artwork and subtle paint colors, giving the building a modern yet calming décor that is replicated throughout the hallways of the entire building. 

As your tour of the first floor continues, you discover the newly expanded fitness center, large enough to accommodate separate cardio, strength training
and stretching areas available to residents from 4:30 a.m. to 12 a.m. 

Beyond the fitness center is the club room which has been outfitted in lush seating to match the front foyer and includes a pool table, HDTV’s, WiFi service and a small bar area with a refrigerator that residents can use when
they reserve the room for small parties.

Chancery Square consists of 129 units of which 63 are one-bedroom and 66 are two-bedrooms.  As residents move out, Hartz is upgrading the individual living spaces to include floating hardwood floors to provide soundproofing
between floors, and updating the spacious kitchens and bathrooms with high-end finishes and energy-efficient appliances to create a luxury lifestyle for its residents
in the building that already boasts nine-foot ceilings on floors two-six and 11-foot ceilings on the units on the first floor.

Location is also a key factor in Hartz’s ability to attract residents as Morristown is bustling with great restaurants, shopping and entertainment options that Chancery Square residents can enjoy within walking distance of the building.  Additionally, it is conveniently located on NJ Transit’s Morris & Essex line, getting residents to New York City in under one hour for work and play. 

The renovations are complemented with a new web site and logo in a color pallet inspired by the building’s décor.

For more information about Chancery Square, go to www.chancerysquare.com.


About Hartz Mountain

Headquartered in Secaucus, NJ, Hartz Mountain Industries, Inc. owns and manages one of the largest privately held commercial real estate portfolios in the United States, comprised of approximately 200 properties and totaling more than 35 million sq. ft. in the northern New Jersey/New York area.  Just recently, Hartz acquired a four-property apartment portfolio, marking its entrance into the residential market. Hartz strives to remain at the forefront of commercial, industrial, retail, hotel, and most recently, residential development by employing a comprehensive approach to real estate that is facilitated by its full-scale in-house departments for leasing, management, finance, acquisition, architecture,
construction, development, planning, marketing, design and property management.
 
Hartz has been recognized by NJPA Real Estate Journal as the “Best Developer of 2004”; Business News New Jersey (NJBIZ) as one of the best places to work in New Jersey for 2004 and 2005; New Jersey Business and Industry Association (NJBIA) for the “Environmental Quality Award”; two awards for its energy efficiency practices in 2010 from Builders Owners and Managers Association (BOMA) of New Jersey, and NJBIZ recognized President and Chief Operating Officer, Emanuel Stern as the “Green Executive of the Year” in 2009, Number One in its 2011 “Power 50 in Real Estate” and, most recently, Number 13 in its “2012 Power 100 Report.”  Mr. Stern also won the 2009 Industry Service Award from the Meadowlands Regional Chamber of Commerce. For more information, visit Hartz’s website at www.hartzmountain.com.

About Roseland Property Company

Founded in 1992, Roseland Property Company is a leading developer of high-end multifamily, luxury residential communities and large mixed-use, multiphase land developments. The company and its principals have developed more than 40,000 residential units including over 4,000 for sale units since 2004, and currently manages approximately 7,000 units. For more information,
call 973-218-2300 or visit www.roselandproperty.com.