(Read more on the industrial market.)
NEWARK-Summit Associates Inc. is planning to break ground in 2008 for a new 810,000-sf rail-served industrial building on a 42-acre undeveloped parcel at 429 Delancy St. here. The project, called Nexus Port East, is located within an urban enterprise zone, adjacent to Port Newark, Elizabeth Marine Terminal and Newark Liberty International Airport.
“The facility will fill a longstanding void in Newark's industrial sector,” says John Visceglia Jr., EVP of the Edison-based Summit Associates “This is an important project for the state of New Jersey and for Newark, where we've held real estate interests periodically since the mid-1950s.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
