Quick Facts
Redevelopment of 75-year-old chemical plant into a FedEx hybrid fleet charging facility
Coordinated complex clean-up of antioxidant and phenolic resins with multiple potentially responsible parties (PRPs)
Imported excess processed dredge material (PDM) to mass grade and cap the site
Transaction
Land (acres)
13.3
Project Outcome
53,000 square foot, 133-door freight terminal
Seller/Responsible Party
PMC, Inc (Seller) and Ashland Chemical (PRP)
Historical Use
Chemical and paint manufacturing
Capital Partner
Clarion Partners
Buyer
Scannell Properties
Tenant(s)
Federal Express
The site has a long history of chemical manufacturing dating back to the 1930’s for Heyden Chemical Corp, Catalin Corp and Ashland Chemical. In 1980, Sherwin-Williams Corporation purchased the plant from Ashland. Sherwin-Williams manufactured antioxidant and phenolic resins on site from 1981 to 1985, then sold the facility to PMC Specialties Group, who conducted similar manufacturing operations until it closed the site in 2002. PMC demolished above ground structures and the site lay dormant until Viridian’s acquisition in 2008.
The 13.3-acre property is located on Riverside Drive at the east end of the Federal Business Center, near Exit 10 of the New Jersey Turnpike, with excellent highway access and proximity to the Port of Elizabeth. Viridian was designated as the redeveloper of the site by the Woodbridge Redevelopment Agency and secured entitlements and a remedial plan for a 53,000 square foot, 133-door freight terminal. Viridian ultimately sold the remediated and mass-graded site to Scannell Properties, who developed a FedEx hybrid truck charging, parking, and maintenance facility.
The site had been partially demolished but had extensive and massive building foundations that masked the presence of unknown contamination in soils and groundwater. Ashland retained responsibility for cleanup of the property under Viridian supervision. Viridian worked closely with Ashland and the New Jersey Department of Environmental Protection (NJDEP) to develop a cost-effective, integrated remedial plan that included the removal of unimpacted and contaminated concrete as part of the regrading of the property for redevelopment. The imported processed dredge material (PDM) and the development footprint were then incorporated as a final engineering control.
Viridian successfully managed the complex soil remediation pursuant to the requirements of the Remedial Action Work Plan (RAWP). A Remedial Action Outcome letter (RAO) for soils was issued in 2013.
