A rendering of the future Rockefeller Group Logistics Center in Piscataway — Courtesy: Rockefeller Group
By Joshua Burd
Rockefeller Group has broken ground on a 2.2 million-square-foot logistics campus in Piscataway, in what it says is one of the state’s largest remaining sites for industrial development.
Known as Rockefeller Group Logistics Center, the complex will occupy 228 acres off Interstate 287, about 10 miles from the New Jersey Turnpike Exit 10. The developer says it will feature buildings ranging in size from 200,000 to more than 800,000 square feet, with flexible infrastructure and flexible transaction options that will allow for users to lease or own space.
Buildings will be available starting in early 2018, as Rockefeller aims to tap into the state’s thriving industrial market and the lack of big-box space along the Turnpike.
“While the Turnpike corridor has historically been the focus of industrial development in New Jersey, we believe that our master plan for this site — now coming to life, with construction underway — will shift that focus,” said Clark Machemer, senior vice president and regional development officer for Rockefeller Group’s New Jersey/Pennsylvania operations. “The I-287 submarket is the obvious next frontier for development in the northern part of the state, and opportunities like this — in terms of both location and building functionality that can accommodate future growth — are few and far between right now.”
Rockefeller acquired the former brownfield site this summer from Lincoln Equities Group LLC and Real Capital Solutions. The $57 million sale came three years after the sellers purchased the site, which housed a former plastics manufacturing plant and was later remediated by Union Carbide Corp., and secured entitlements and a 30-year tax abatement for development.