The latest is the former Channel distribution center on Route 10here. It's perhaps the most interesting re-use of all--WPCommercial, Chatham, NJ, is in the process of converting the150,000-sf, 33-acre industrial building into a 300,000-sf class Aoffice property known as Crosspointe Technology Center.

According to David Stifelman of Cushman & Wakefield of NJ,East Rutherford, who is leading the marketing effort for theproperty on behalf of the developer, WP Commercial of Chatham, "thespace will be tailored to the tenants' individual needs. Whetherthey require office, lab space or other specialized uses, we willbe able to satisfy their needs."

The property is just east of I-287, near Route 10. Fortune 500neighbors in this high-profile corporate neighborhood includepharma giant Novartis, Cendant, Dialogic, Prudential, Deloitte& Touche, among others. "We will not only be able to offerlocation, but we will also be able to offer space at below-marketrents because this is a redevelopment of an existing facility,"according to Stifelman.

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