Under the terms of the agreement, Ford will continue to occupythe facility through the end of 2004, at which time it will beavailable for lease from the San Francisco-based AMB PropertyCorp., which has its East Coast offices in Boston. "Ford is sellingsix or seven distribution centers across the country," Waxman tellsGlobeSt.com. "They will be opening more modern, smallerdistribution centers in strategic locations to replace them."

Specifically, the targeted 2004 move-out date is being timed tocoincide with Ford's establishment of a new distribution facilityin the New York/New Jersey metro area. No details of the sitesearch have been made available and Ford officials could not bereached for comment.

"This is a strategic location for Ford, for their New York areadistribution," according to Waxman. "Ford is looking to improvetheir distribution – it's all part of their master plan."

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