Repositioning Case Study
Viridian assembled this 102-acre property in 2013, with the goal of repositioning the land into a class A warehouse distribution park. The project is situated on NJ Highway 440, off the New Jersey Turnpike Exit 10, and adjacent to the Outerbridge Crossing Bridge to Staten Island, New York. The site features the shortest and most cost effective route from the Port of Newark/Elizabeth and the CSX and Norfolk Southern rail intermodals to Staten Island, Brooklyn, Queens, and Long Island. Viridian was designated Redeveloper of the site by Perth Amboy Redevelopment Agency and secured site plan and subdivision approvals from the Perth Amboy Redevelopment Agency, Perth Amboy Planning Board, and Middlesex County Planning Board prior to acquiring the property. Viridian secured entitlements for a first-class, 1,300,000 square foot warehouse distribution park, completed remediation and site work, and delivered the project in pad-ready condition.