A business in the southwest corner of Hoboken has been robbed of over $70,000 worth of merchandise.

Hoboken Leather & Shearling—a luxury leather, fur and shearling outerwear and accessory warehouse—was burglarized over the weekend. Located at 49 Harrison Street, the business has been around for more than 40 years.

“The victim reported a large quantity of merchandise stolen from the business. The total value of the merchandise stolen was $70,000,” says Lt. Edgardo Cruz, of the Hoboken Police Department’s Detective Bureau. At this time it is currently under investigation by Detective William Collins and Officer Paul Quinn.

More than just a simple smash and grab, sources tell hMAG that the thieves accessed the merchandise by removing an adjacent wall.

The burglary was reported to HPD at 9:00 a.m. on Sunday, December 17—meaning the act was likely carried out sometime Saturday night/early Sunday morning, while Hoboken’s Finest were occupied with the SantaCon a bar crawl.