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Summit Plans 810,000-SF Industrial Project

NEWARK-Summit Associates will break ground in 2008 for the new development on a 42-acre site recently acquired from Coca-Cola.

By Eric Peterson | Updated on October 12, 2007

(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.”

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