According to Alex Dembitzer, Sky's founder and CEO, renovations are scheduled for completion in 2018.

“The renovations at Checkpoint will modernize the facility, and the renewable energy solar project will reduce the carbon footprint while converting the property into a sustainable facility,” says Dembitzer.

Dembitzer has made reducing the environmental impact of Sky's buildings an increasing priority as part of what he calls his personal social mission.

At New Jersey's Wedgewood Waterford US corporate headquarters, for instance, Sky installed a 1.5 MW solar energy system which is expected to provide 90 percent of the facility's electricity.

Additionally, Sky Management made the proactive decision to purchase an adjacent land parcel, making it possible for Checkpoint to expand in the future if needed or for Sky Management to pursue additional development opportunities.

The long-term extension and modernization will preserve more than 150 jobs in Southern NJ and create an estimated 100 construction jobs, supporting Sky's core values of creating and providing a substantial positive social and environmental impact in the communities in which it is active.

The lease extension was brokered NAI Mertz, the leasing agent for Sky Management Services, while Binswanger Companies was the exclusive leasing agent representing Checkpoint Systems in the transaction.