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New tenant for International Trade Center in NJ.

The International Trade Center (ITC), a Rockefeller Group development, has announced that MCO, Inc. (Macy's Close-Out, Inc.), a subsidiary of R.H. Macy & Co. of New York City, will establish a distribution center for MCO merchandise at the multi-use business park in Mt. Olive, New Jersey.

Under the terms of a two-stage agreement, MCO will first occupy 46,000 square feet of distribution space within 200 International Drive and will later occupy 98,000 square feet at 313 Waterloo Valley Road.

In addition to filling the company's distribution needs, MCO plans to utilize its ITC operation as the site of periodic outlet sales. The International Trade Center and MCO are currently in the process of filing for approval of this use with the Mt. Olive Planning Board.

MCO will occupy its space at 200 International Drive up to June 1, when it will move to its permanent facility within 313 Waterloo Valley Road. There the company will maintain its corporate headquarters offices (8,000 square feet), distribution center (69,000 square feet), and a limited outlet sales facility (21,000 square feet). The hours of operation for the outlet facility have yet to be determined by MCO.

During the lease negotiations the International Trade Center was represented by Eugene A. Preston, director of marketing. MCO was represented by David Ferber, Alan West, and Michael Nachamkin of Cushman & Wakefield of New Jersey, Inc.
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Article Details
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Title Annotation:MCO Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Feb 26, 1992
Words:232
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