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."

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.