UPS to keep operation in N.J., will move 650 jobs to Wayne - NJ Biz
After considering moving the operation out of state, United Parcel Service will instead send a 650-employee Information Services group from Morris Township to Wayne, according to the commercial real estate brokerage who handled the company’s new lease.
UPS will move into 118,000 square feet of office space at 1655 Valley Road in August, said Tom Consiglio, principal of Parsippany-based Resource Realty, which represented the company in the deal. UPS, whose current 189,000-square-lease at 435 South St., in Morris Township, is due to expire in November, began a search for new space in January 2009, he said.
The Information Services group had been a tenant at 435 South St. since 1994, but the property, which was built in the 1970s, “had a need for a fairly large infusion of capital,” he said. “Although the landlord was willing to do it as part of the transaction, it would also mean UPS living through that capitalization program.”
After considering moving the operation out of state, United Parcel Service will instead send a 650-employee Information Services group from Morris Township to Wayne, according to the commercial real estate brokerage who handled the company’s new lease.
UPS will move into 118,000 square feet of office space at 1655 Valley Road in August, said Tom Consiglio, principal of Parsippany-based Resource Realty, which represented the company in the deal. UPS, whose current 189,000-square-lease at 435 South St., in Morris Township, is due to expire in November, began a search for new space in January 2009, he said.
The Information Services group had been a tenant at 435 South St. since 1994, but the property, which was built in the 1970s, “had a need for a fairly large infusion of capital,” he said. “Although the landlord was willing to do it as part of the transaction, it would also mean UPS living through that capitalization program.”
