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Keystone Breaks Ground for 525,000 SF of Industrial Space

JERSEY CITY, NJ-Set for tomorrow, the ceremony will kick off development of two distribution centers that are a rarity these days- they're being done on spec.

By Eric Peterson | Updated on November 13, 2002

JERSEY CITY, NJ-Keystone Property Trust, based in West Conshohocken, PA, is set to break ground tomorrow on two warehouse/distribution facilities totaling 525,000 sf of space. The facilities, 182,000 sf and 343,000 sf respectively, will rise on a 26-acre site within the 200-acre Greenville Yards Industrial Park in New Jersey’s second largest city.

Keystone recently acquired the site from the Jersey City Redevelopment Agency. The land is adjacent to the Port of Newark/Elizabeth and is situated within both a federally designated foreign-trade zone and a state-designated urban enterprise zone.

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