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114,000 s/f deal is sealed on a handshake.


SJP SJP Sarah Jessica Parker (actress)
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 Properties has announced a long-term lease agreement has been signed with Travelport, a global leader in travel distribution services, at Morris Corporate Center III.

The 114,000 s/f space will be utilized as the new global headquarters for Travelport, which is relocating from the Mack-Call Business Campus to its new space at Morris Corporate Center III.

TIAA-CREF TIAA-CREF Teachers Insurance and Annuity Association - College Retirement Equities Fund , the national financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 organization, owns the property.

"SJP's ability to expedite this transaction illustrates their commitment to meeting our needs at Travelport," said Terry Conley executive vice president and chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive  for Travelport.

"With virtually no inventory left of this quality in Morris County, SJP was able to meet Travelport's needs and ensure that this leading travel company continued its expansion and reinvestment Reinvestment

Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash.

1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares.
 in the region," said Steven J. Pozycki, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of SJP Properties.

"We have a long history of serving Fortune 500 companies and creating world-class headquarters solutions that allow industry leaders like Travelport to satisfy their human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , logistics, and operational efficiency needs.

"This transaction is a reflection of our organization's ability to consistently meet the facility needs of the world's premier corporations."

Peter Eppie, executive vice president of SJP Properties, stated, "This lease with Travelport reflects our company's ability, along with owners TIAA-CREF, to quickly respond to a corporation's real estate requirements with the right solution to their strategic needs.

"Travelport had an immediate need and our organization's understanding of corporate America made it possible to meet their business requirements promptly within a world class office setting.

"The transaction with Travelport was done with a handshake, demonstrating that they are among the most professional, respected, and trusted business people we have ever had the pleasure of working with."

Morris Corporate Center, a 2.8 million-square-foot, seven-building master-planned office campus on 182 acres.
COPYRIGHT 2006 Hagedorn Publication
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Travelport Corporate Solutions Inc.
Publication:Real Estate Weekly
Date:Oct 25, 2006
Words:298
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