Size: 878,000 SF
Port Submarket, Exit 15E - Former PJP Landfill and Superfund site in Jersey City, notorious for underground fires in the 1970’s and early 1980’s. Site was formerly owned by the Roman Catholic Archiocese of Newark and the responsible party was Waste Management. Negotiated with Waste Management to assume long term capping and monitoring liability, as well as managed risk associated with hexavalent chromium originated by Honeywell’s plant on Rt. 440. Site required re-zoning as well as numerous community meetings to complete. Building is 40% leased to Royal Dutch Ahold for their e-Commerce home delivery business of groceries. Ahold owns brands like Stop & Stop as well as Giant and Peapod. Ahold invested an additional $57M of tenant improvements into their space. Remaining 70% of building was leased to Imperial Bag & Paper’s corporate headquarters and distribution center.