[CPEO-BIF] New Jersey portfields

[Lenny Siegel <lsiegel@cpeo.org>]

Portfields region desirable even without initiative, developer says

By Evelyn Lee
NJ Biz (NJ)
December 28, 2009

Five years after the launch of the Portfields Initiative, industry 
insiders have differing views as to the significance and success of the 
program. While most agree the effort has helped promote warehouse and 
distribution development on brownfield sites in New Jersey's port 
region, some contend that those properties would have been redeveloped 
even without the help of the initiative.

"The whole concept of this [Portfields Initiative] was really to get the 
word out that there are sites near the port … that can be developed to 
accommodate warehouse and distribution space," said Robert Kossar, 
managing director at the Hasbrouck Heights office of commercial real 
estate services firm Jones Lang LaSalle. "It shed a light on the 
availability to people."




...

For the entire article, see
http://www.njbiz.com/weekly_article.asp?aID=80143

--


Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org



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