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April 10, 2003




 
SCHACKER REAL ESTATE CORP. PARTNERS
WITH N.J. FIRM IN CHINA VENTURE ...

Melville -- China may prove to be the new frontier when it comes to industrial real estate development. At least that's how industrial real state broker Ron Lazar of Schacker Real Estate Corp. envisions the future due to a venture Schacker has entered into through the labors of Lazar and his colleague, Jules Borrus, Borrus Associates, Inc. of Old Bridge, N.J.
Lazar and Borrus are looking to break new ground, helping American companies who have an interest in establishing or expanding their presence in China by interesting them in Jiaming Industrial Park. The developers of this industrial complex, located in Liaocheng City in Shandong Province, have already established the basic infrastructure necessary to attract companies.
Jiaming Industrial Park offers many advantages over congested locations such as in Shanghai or Hong Kong, Lazar explains, while at the same time offering extensive and convenient transportation links including road, rail and waterway with neighboring access to the major seaport of Qingdao. This site is also positioned in the midst of the 100 million people who live in the surrounding region offering a population of potential consumers larger than most countries.
Looking for local marketing assistance from the Huntington Chamber of Commerce (recently changed to Chamber of Commerce Regional Business Partnership) Lazar, who serves as Vice Chair of the Organization, and is Director of the its Economic Development Task Force, hopes to attract attention to the project through the Chamber's program called the China Iniative. As part of this effort, Lazar will be conducting a roundtable discussion entitled "Financing a Manufacturing/Distribution Center in China" at the organization's Business Expo and Luncheon on Wednesday, April 30, 2003 at the Huntington Town House.
With an eye towards its future tenants, the local municipal and provincial authorities behind Jiaming Industrial Park are determined to make it into the preferred one for U.S. companies who want to locate in China. Lazar is the Long Island broker committed to doing his best to promote Liaocheng City in Shandong Province as the ideal place for an American Company to open up shop.