By Joshua Burd
Greek Development plans to build new industrial space at the site of the landmark Nabisco plant in Fair Lawn, following its recent purchase of the property for nearly $147 million.
Exactly how much space it will construct is still unclear, but a company executive confirmed Friday that it will raze all existing buildings and redevelop the 39-acre property on Route 208. David Greek, a managing partner with the East Brunswick-based firm, said that process is still at least a year away from beginning, as Nabisco parent company Mondelēz International is keeping some employees on site until they can be relocated to another facility in the area.
“We’ve met with the township,” Greek said. “They’re very supportive of our plans.”
An affiliate of Greek, one of the state’s most active developers of warehouse, logistics and cold storage space, closed on its purchase of the site in mid-October. The deal came around three months after the Nabisco plant ceased operations, following six decades of production in the Bergen County borough, resulting in the loss of about 600 jobs.
NorthJersey.com first reported the $146.5 million sale earlier this month, identifying CLPF Greek Fair Lawn LLC as the buyer. Mondelēz Global Senior Director Laurie Guzzinati confirmed the deal to the publication, which noted that local officials were eager to ensure that the site remains dedicated to industrial use.
“We’re really excited,” Fair Lawn Mayor Kurt Peluso told NorthJersey.com. “I think that it shows a lot about the community of Fair Lawn that we had such a large company leave and the property never went dormant.”
