International Trade Center
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International Trade Center
The International Trade Center is a multi-acre office park located in Mount Olive, New Jersey. Formerly the site of BASF until 2004, it is currently home to facilities of L3 Technologies, Bosal USA, Coherent Advanced Crystal Group, Vistar, and Robertet, among others. A Residence Inn by Marriott and Mount Olive station are on the grounds. The Center is designated as a foreign trade zone by the State of New Jersey New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware Ri .... The International Trade Center was developed by NEW JERSEY FOREIGN TRADE ZONE VENTURE, a joint venture between Rockefeller Group Real Estate & CJ Follini on behalf NOYACKlogistics.com and the Follini family office. The development has recently been valued at over $950 million dollars. References Business parks of th ...
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Office Park
A business park or office park is a designated area of land in which many office buildings are grouped together. These types of developments are often located in suburban areas where land and building costs are more affordable, and are typically situated near major highways or roads for easy access. Criticism While business parks can provide many benefits, such as providing employment opportunities and boosting the local economy, they can also have negative impacts on surrounding areas and communities. The impact of business parks on surrounding areas and communities has been criticized: *Large gaps between urbanized zones, increasing the suburban sprawl. *The appearance of the buildings. *Obsolescence, vacancy, and disrepair. To mitigate these negative effects, businesses and developers can take steps such as incorporating green spaces and sustainable design features into the business park, as well as maintaining and updating the buildings to prevent obsolescence. See also * ...
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Mount Olive, New Jersey
Mount Olive Township is a township in Morris County, New Jersey, United States. As of the 2010 United States Census, the township's population was 28,117,Profile of General Demographic Characteristics: 2010 for Mount Olive township
, New Jersey Department of Labor and Workforce Development. Accessed December 20, 2012.
reflecting an increase of 3,924 (+16.2%) from the 24,193 counted in the 2000 Census, which had in turn increased by 2,911 (+13.7%) from ...
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BASF
BASF Societas Europaea, SE () is a German multinational corporation, multinational chemical company and the List of largest chemical producers, largest chemical producer in the world. Its headquarters is located in Ludwigshafen, Germany. The BASF Group comprises subsidiary, subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. BASF has customers in over 190 countries and supplies products to a wide variety of industries. Despite its size and global presence, BASF has received relatively little public attention since it abandoned the manufacture and sale of BASF-branded consumer electronics products in the 1990s. At the end of 2019, the company employed 117,628 people, with over 54,000 in Germany. , BASF posted sales of €59.3 billion and income from operations before special items of about €4.5 billion. Between 1990 and 2005, the co ...
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L3 Technologies
L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, Intelligence (information gathering), intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products. Its customers included the United States Department of Defense, Department of Defense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers. In 2019, it merged with Harris Corporation and was renamed to L3Harris Technologies. L3 was headquartered in Murray Hill, Manhattan, New York City. History L3 was formed as L-3 Communications in 1997 to acquire certain business units from Lockheed Martin that had previously been part of Loral Corporation. These units had belonged to Lockheed Corporation and Martin Marietta, which had merge ...
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Robertet
Robertet Group () is a French fragrance and flavor manufacturer that specializes in natural raw materials founded in 1850. Robertet is a member of the European Flavour Association. In 2021, Robertet ranked 12th on FoodTalks' Global Top 50 Food Flavours and Fragrances Companies list. Presentation The group is a publicly traded, listed on the Euronext Paris with Ticker Symbol: RBT Robertet is among the top ten developers of flavor and perfume additives and ingredients. It operates factories in Grasse, France (headquarters) Turkey, South Africa, Madagascar, New Caledonia, Brazil, China, Singapore, UK and the US, and has a presence in about 50 countries. Robertet is managed and controlled by the fourth and fifth generation of Maubert family members: Philippe Maubert (CEO), Christophe Maubert (Head of the perfumery division), Olivier Maubert (Head of the Flavourings division), Julien Maubert (Raw Materials Director) and Arthur Le Tourneur d'Ison (ASEAN Director). The company co ...
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Residence Inn By Marriott
Residence Inn by Marriott is a brand of extended stay hotels. , there were 874 Residence Inn hotels in the United States, Canada and Mexico with 107,680 rooms, plus an additional 243 hotels with 30,417 rooms in the development pipeline. The brand's slogan is "It's not a room. It's a Residence". It was the first extended-stay brand in the United States and was a key player in launching the concept of a "suite" in a hotel. History The chain traces its roots back to in 1975, when Wichita, Kansas developer Jack DeBoer found himself with apartment properties that were facing unusually high vacancy rates. He repurposed one of the apartment buildings, converting the residential units to monthly rentals, and named it The Residence. In 1981, DeBoer and developer Robert L. Brock (then the largest franchisee of Holiday Inn), formed a joint venture, launching a chain called The Residence Inn. The hotels focused on the "extended-stay" market, a term they invented. The hotels were aimed at gues ...
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Mount Olive Station
Mount Olive is a NJ Transit station in Mount Olive, New Jersey, located in the International Trade Center. The station, located on the side of Waterloo Village Road, services trains for both the Montclair-Boonton Line and the Morristown Line along trackage owned by Norfolk Southern. The line is not electrified from Hackettstown to Dover, where passengers can transfer to an electric Morristown Line train via Summit or a diesel Montclair-Boonton train via Wayne and Montclair. Trains along both lines head to Hoboken Terminal in Hoboken, New Jersey or New York Penn Station at 34th Street in New York City, although Montclair-Boonton trains require a transfer at Montclair State University or Newark Broad Street for electrified service to New York. It is also the least-used station in the NJ Transit commuter rail network. History After the termination of Boonton Line passenger service to Washington in 1966, service terminated at Netcong station in Netcong. In 1994, stations we ...
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Foreign Trade Zone
A free-trade zone (FTZ) is a class of special economic zone. It is a geographic area where goods may be imported, stored, handled, manufactured, or reconfigured and re-exported under specific customs regulation and generally not subject to customs duty. Free trade zones are generally organized around major seaports, international airports, and national frontiers—areas with many geographic advantages for trade. Definition The World Bank defines free trade zones as "small, fenced-in, duty-free areas, offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations". Free-trade zones can also be defined as labor-intensive manufacturing centers that involve the import of raw materials or components and the export of factory products, but this is a dated definition as more and more free-trade zones focus on service industries such as software, back-office operations, research, and financial services. Synonyms Free-trade zones are referr ...
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State Of New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware River and Pennsylvania; and on the southwest by Delaware Bay and the state of Delaware. At , New Jersey is the fifth-smallest state in land area; but with close to 9.3 million residents, it ranks 11th in population and first in population density. The state capital is Trenton, and the most populous city is Newark. With the exception of Warren County, all of the state's 21 counties lie within the combined statistical areas of New York City or Philadelphia. New Jersey was first inhabited by Native Americans for at least 2,800 years, with the Lenape being the dominant group when Europeans arrived in the early 17th century. Dutch and Swedish colonists founded the first European settlements in the state. The British later seized control of t ...
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CJ Follini
CJ Follini (born in New York) has 38 years of experience as a multi-family office Chief Investment Officer. His track record in commercial real estate, venture capital, consumer packaged goods (CPG), and special situations i22.4% annual rate of return with an average equity multiple return of 5.3. Biography Follini grew up in New York City where he was awarded the Presidential Scholarship to attend Fordham Preparatory School, a Jesuit high school. He competed in collegiate ice hockey while in Boston and played in the ECHL with the predecessor to the Maine Mariners. Follini received a General Course Degree in Econometrics and Game Theory from the London School of Economics in the United Kingdom. While in London he played rugby for LSE. He also completed the executive masters program at Harvard Business School. From the age of 12, he worked at entry level construction jobs learning the building trade from his father, Charles Follini Sr., a highly decorated former fireman with ...
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Business Parks Of The United States
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and ...
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