from Coca-ColaEnterprises

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Shortly after the land purchase, Summit rolled out general plansfor its project, but the build-out plan is now solidified. The plancalls for a 105,000-sf building slated for delivery in 2009 and a705,000-sf structure on tap for 2010.

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Summit has hired Jones Lang LaSalle to find tenants. Handlingthe assignment are executive vice presidents Charles Fern and JoelLubin and senior vice presidents Robert Sager and Cubie H. DawsonJr., all in New Jersey offices. The quoted rates currently arelisted as negotiable.

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"The site offers industrial and retail users a great locationnear public transportation, the ports and airport, and New YorkCity," Fern tells GlobeSt.com. "That will give tenants access tomore than 100 million customers. Warehouse users, importers andexporters and other industrial users could significantly cutcosts."

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With companies looking to cut costs all along supply chains,Lubin says "transportation, fuel, drayage and building costs areall included in their cost models, and to that end, this site hasbeen approved for 90% impervious coverage and for building heightsof up to 45 feet." The site also is within Newark's urbanenterprise zone.

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