Open house success at International Trade Center.
Trammell Crow F. Trammell Crow (born June 11, 1914, in Dallas, Texas) is an American property developer who created several famous projects, including Dallas Market Center, Peachtree Center (Atlanta, Georgia), and San Francisco's Embarcadero Center. Company reported a strong turnout at an open house held recently at the New Jersey Foreign Trade Zone/International Trade Center in Mt. Olive.
On behalf of the ownership, a $2 billion JP Morgan fund, Trammell Crow Company serves as the exclusive leasing agent for the NJFTZ and has already closed a 45,000 s/f lease at 450 Clark Drive with BASE
Leo Leo, in astronomy
Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Paytas, senior vice president, Mitchell Katz, vice president, and Neal Heinze, senior associate of Trammell Crow, are spearheading this assignment.
"Despite our competition with the Yankees/Red Sox division series, we were very pleased with the strong reception among our peers at the NJFTZ open house," said Paytas. "Attendees were able to view the available space at the campus and all of the outstanding amenities and conveniences it affords. Trammell Crow Company's strategic marketing plan has already generated measurable results at the NJFTZ and we look forward to welcoming many more of the world's leading companies to the complex in the near future."
The NJFTZ/ITC currently has many units available for lease, including 80,000 s/f of office space and 20,000 s/f of industrial space at 450 Clark Drive; 113,046 s/f of warehouse space and 2,000 s/f of office space at 650 Clark Drive; units ranging from 1,131 s/f to approximately 40,000 s/f of office space at 500 International Drive and 101,315 s/f of flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History
Flex space evolved from light industrial warehouses being converted to office space. at 330 Waterloo Valley Road.
Other appealing features of The International Trade Center include a 141-room Wyndham Garden hotel; ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium
ITC n abbr (BRIT) (= Independent Television Commission) → Crossings, an adjacent 860,000 s/f shopping center; Bright Horizons Children's Day Care Center; Federal Express and United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages a day to 6.1 million customers in over 200 countries and territories around the world. customer service facilities and an FAA-approved helistop hel·i·stop
See heliport. with 24-hour accessibility. Corporate tenants of the International Trade Center include BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California)
BASF Badische Anilin und Soda Fabrik (German chemical products company)
BASF Builders Association of South Florida , BMW BMW
in full Bayerische Motoren Werke AG
German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Givaudan Roure and Unilever, among many others.
The International Trade Center is a 684-acre, 7 million s/f mixed-use campus located in the New Jersey Foreign Trade Zone (NJFTZ), a 300-acre section of the International Trade Center. The NJFTZ is treated as though it were located outside the United States for customs purposes. Among other incentives, when located within the NJFTZ, a company can import goods or components into the NJFTZ without paying duties at that time.
In addition, the NJFTZ designation indicates that no duty is payable on goods and products shipped to foreign destinations; however, duties are paid when goods or products are shipped from the NJFTZ to U.S. destinations.
Accordingly, depending on the nature of the operations taking place, tenants may defer payment.