MCMC Expands Reach to China
Staff -- Gifts & Decorative Accessories, 9/1/2002
Los Angeles — Market Center Management Company (MCMC), the Dallas-based manager of the Dallas and California Market Centers, signed a multi-year agreement to manage ShanghaiMart, Asia's largest international trade mart. MCMC's responsibilities for the Shanghai facility will include developing buyer programs, leasing showroom space, and training ShanghaiMart staff. The ShanghaiMart building features 2,000 permanent showrooms (currently 50 percent leased to gift, textile, apparel, furniture, and building supply companies); 300,000 square feet of temporary exhibition space; and a 30-story, 650,000-square-foot office tower. "By expanding internationally, our exhibitors and industry partners will realize opportunities to establish a presence in the growing Asian markets, while retailers will have a convenient base of procurement," said Bill Winsor, president and chief executive of MCMC.
