JERSEY CITY, NJ-Prologis celebrates here this morning with a formal groundbreaking at a onetime landfill – and former Superfund site - where it is building a LEED-certified, 878,000 square-foot logistics facility, much of which is already leased to two major tenants.
Construction of the Pulaski Distribution Center will transform a 50-acre former dump site. It is a place where underground fires burned beneath the foundation of the Pulaski Skyway, causingwidespread alarm several decades ago. Now it is to become an environmentally-friendly distribution center near both ports and roadways that will bring jobs and generate tax revenue.
Joining Prologis's chairman and CEO Hamid Moghadam and CEO for the Americas Gene Reilly at the site at 11 a.m. will be Lt. Gov. Kim Guadagno, state Department of Environmental Protection director Ken Kloo - and the CEO of Imperial Bag and Paper, Bob Tillis.
Imperial Bag and Paper has pre-leased 393,000 square feet at the distribution center, and will bring 375 employees to the site. Ahold, parent company of the online grocery service Peapod has leased 345,000 square feet and will employ383 at the site.
The location, 219-295 Truck Rt. 1 & 9, is four miles from the Port of New York/New Jersey and approximately three miles from New York City and the New Jersey Turnpike.
Prologis acquired the site in 2008. Prologis's president for the Eastern region, Jay Cornforth, tells GlobeSt.com that the acquisition itself involved a lengthy saga, not to mention the extensive excavation, cleanup and capping of the site – which took years.
“It was so complicated,” Cornforth says, “a huge public/private partnership that had to come together amongst the owners, county, city, DEP, the company that owned much of the site and the Archdiocese of Newark that also owned the parcel.”
The company was able to apply its expertise in brownfield development and redevelopment expertise to bring Class-A facilities to market, he says. “Now we are able to offer our customers a key location in northern New Jersey, one of the most dynamic and land-constrained infill areas in the U.S.”
In the New York/New Jersey market, Prologis owns and manages more than 22 million square feet of distribution space across 182 facilities that are currently 94 % leased.
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