Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS to keep operation in N.J., will move 650 jobs to Wayne
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 689963" data-attributes="member: 1"><p><strong><a href="http://njbiz.com/industry_article.asp?cID=8&aID=48276942.4844279.1048294.8366755.63671305.286&aID2=80629" target="_blank">UPS to keep operation in N.J., will move 650 jobs to Wayne - NJ Biz</a></strong></p><p>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. </p><p> </p><p>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. </p><p> </p><p>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.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 689963, member: 1"] [B][URL="http://njbiz.com/industry_article.asp?cID=8&aID=48276942.4844279.1048294.8366755.63671305.286&aID2=80629"]UPS to keep operation in N.J., will move 650 jobs to Wayne - NJ Biz[/URL][/B] 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.” [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
UPS to keep operation in N.J., will move 650 jobs to Wayne
Top