Search
 

Duke Starts to Assemble GM Team

LINDEN, NJ-The redeveloper of the 100-acre sprawling former auto plant now has a leasing agent in place for the industrial component.

By Eric Peterson | Updated on May 23, 2008

LINDEN, NJ-Duke Realty Corp., owner of the former General Motors assembly plant site here, continues to build the team that will turn the more than 100 acres along Routes 1 and 9 into a mixed-use redevelopment. The Indianapolis-based Duke has hired CB Richard Ellis to find tenants for the industrial space that will combine with a retail component to complete the yet-to-be-named project.

Specifically, CBRE SVPs Mindy Lissner and William Waxman of the firm’s East Brunswick office will handle the assignment in collaboration the Duke’s vice president of development and leasing for the East Region, Bob Grossi, on the assignment. Grossi was recent promoted to that position to specifically oversee the GM/Linden project for the company.

As reported by GlobeSt.com, Duke, backed by the San Francisco-based Stockbridge Real Estate Fund, bought the property from General Motors in 2007 for more than $75 million. “Duke purchased this facility for its prime location and development potential,” Lissner says, in a statement. She terms it “an historic redevelopment project.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.