X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MT. OLIVE, NJ-Two 100,000-sf plus deals have been inked at the International Trade Center here. BMW has signed on for 126,432 sf at 200 International Dr., while Seiko is taking 115,046 sf at 650 Clark Dr.

Other significant leasing transactions include: Diagnostica Stago, a medical instrument developer and distributor, which leased 67,324 sf at 330 Waterloo Valley Rd. and NW Instruments, a manufacturer of survey accessories, which signed on for 14,590 sf at 330 Waterloo Valley Rd.

To date, Trammell Crow Co. has closed 388,621 sf of deals at ITC—bringing its occupancy rate up to 90%–since being appointed exclusive leasing agent in April 2003. The team of Leo Paytas, senior vice president, Mitchell Katz, vice president, and Neal Heinze, senior associate, leads the effort. The 1.2 million sf of warehouse/lab/flex portion of the center was 77% leased when Trammell signed on. Currently, 208, 417 sf is available. Space within the center–at 500 Internatinal Dr. North–is advertised at 22.25 per sf.

“In a short amount of time, the Trammell Crow Company team was able to effectively target potential prospects, close a number of significant transactions and produce measurable results for ownership,” says Paytas.

The center is a 684-acre, seven million-sf, mixed-use campus that features the New Jersey Foreign Trade Zone–a specially designated, 300-acre section of the park. 450 Clark Dr. will soon undergo a renovation and repositioning program, including upgrades to the entire front lobby, the creation of a new entrance, as well as the addition of skylights and more windows.

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.