MOUNT OLIVE, NJ-BPG Properties Ltd., the real estate manager for the Philadelphia-based Berwind Property Group, has launched its marketing campaign for Morris Crossroads, a five-building, one-million-sf office complex within the International Trade Center here. BPG has given the assignment to Cushman & Wakefield of NJ, with Robert Donnelly, Marc Rosenberg and Charles Hatfield of that firm’s Parsippany office handling the assignment.

The owners say they’re targeting Manhattan companies and back office and redundant-type operations to fill the sprawling complex, which once housed the North American headquarters of chemical giant BASF. The latter downsized and moved into two smaller North Jersey locations in 2003 and 2004, leaving the buildings completely vacant.

“Business continuity, redundancy, secure data center and affordable back office spaces are essential,” says Christopher Locatell, VP of BPG. “Demand for these services far outweighs supply in the New York metro market. With demand outpacing supply, landlords increased rents by more than 25%, resulting in some rental rates over $100 per sf in Manhattan in 2006.

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