UPS To Relocate New Commodity Trading Division

United Parcel Service  (UPS) is searching for a new site for Fritz, its new commodity trading division which provides logistics support and freight service support worldwide. Currently located in 180,000-sf of warehouse and office space in the Southridge industrial park in Atlanta, Fritz must relocate due to airport expansion. UPS is searching for a 100,000-sf to 125,000-sf industrial facility in the same general area as its current location to facilitate airport and interstate freeway access. UPS is favoring speculative buildings over a build-to-suit, which UPS feels is unnecessary with current space availability. Some office consolidation between Fritz and UPS will occur in the relocation.  UPS hopes to have the new building lined up by late 2003.