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JLW places NYCE network.

On behalf of the New York Switch Corporation, operator of the NYCE Electronic Funds Transfer (EFT) Network, Jones Lang Wootton, international real estate consultants, has negotiated a 10-year lease whereby NYCE will occupy 17,500 square feet at 400 Plaza Drive in Secaucus, New Jersey. The first-class office space, located in the Harmon Meadow mixed-use project which totals 3 million square feet, will be used as NYCE's data processing facility. Hartz Mountain Industries is the landlord.

"As part of the transaction process, we analyzed 76 locations in New Jersey and New York in order to come up with the best value combination of accommodation and cost" said Andrew Davidoff of Jones Lang Wootton who, together with Mark Ravesloot, represented NYCE in the transaction.

The Harmon Meadow Complex is located at the intersection of Route 3 and the eastern spur of the New Jersey Turnpike, 2 miles west of the Lincoln Tunnel. The complex is comprised of 2.5 million square feet of office space, over 300,000 square feet of retail space and five hotels offering over 1,000 rooms. Harmon Meadow also features an 80,000 square foot convention center and 20 different eating facilities ranging from a food court to elegant dining. Included in the tenant roster are such companies as Equitable Life Assurance Co., Buck Consultants, Reed Publications, the National Basketball Association's studios and the Loews Group.
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Title Annotation:Jones Lang Wootton USA leases commercial space to New York Cash Exchange
Publication:Real Estate Weekly
Date:Aug 12, 1992
Words:230
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