2017 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: Fri, 7 Jul 2017 19:09:59 -0700 (PDT)
Reply: cpeo-brownfields
Subject: [CPEO-BIF] "Rockefeller Buys 228-Acre NJ Industrial Site"
 
Rockefeller Buys 228-Acre NJ Industrial Site
The disposition of the property comes three years after Lincoln Equities and Real Capital acquired it from Dow Chemical subsidiary Union Carbide.

by Barbra Murray 
Commercial Property Executive
July 07, 2017

	

Lincoln Equities Group and partner Real Capital Solutions just pocketed $57 million on the sale of a 228-acre industrial site in Piscataway, N.J.  The partners sold the fully entitled property to The Rockefeller Group, which plans to invest as much as $250 million to develop the site.

The disposition of the property, located off Interstate 287 at 171 River Rd., comes three years after Lincoln Equities and Real Capital acquired it from Dow Chemical subsidiary Union Carbide. The former brownfield site—which Union Carbide fully restored following the closing of a Bakelite plastics manufacturing plant in 1939—has been closed since the 1960s. While most industrial real estate developers were targeting the Interstate 95 corridor, Lincoln Equities saw an opportunity for the Interstate 287 corridor.

…

For the entire article, see
https://www.cpexecutive.com/post/rockefeller-buys-228-acre-nj-industrial-site/

--

Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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