Abandoned Industrial Site - Edison, NJ
6.7-acre brownfield property located in Edison, NJ. Catalyst has completed site remediation and submitted complete site plans for project approvals to redevelop the site into industrial warehousing or industrial outdoor storage. Approved site plans will allow for the development of an 50,400 square-foot warehouse facility with 14 loading docks as well as a 10,125 square-foot maintenance warehouse with 4 drive-through doors. The transaction permits the return of the property to the tax rolls and productive use after more than two decades sitting vacant due to environmental concerns.
The property is strategically located right off Exit 2 on Interstate 287, only two miles from Exit 10 of the New Jersey Turnpike. Additionally, the property is situated in a prolific industrial district, surrounded by top-tier users including Amazon, FedEx, Costco and Walmart. Cushman & Wakefield are marketing the property.