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Kearny Point – Building 197

Kearny Point – Building 197

Type

Commercial/Office

Location

Kearny, NJ

Est. Project Cost

$27.4 million

Size

197,600 SF

Public Financing

New Markets Tax Credit, State

Sponsor

Hugo Neu Corp

Private Financing

Debt and Equity

Closing Date

2017

Adaptive Re-Use Flex, Light Industrial "Makers" Space

Tax enhanced financing for the adaptive re-use of an industrial building into high quality, affordable flex and light industrial workspace to a target of up to 10+ small businesses for small batch manufacturing, production and related uses. Anchor tenant includes a hydroponics farm.

Estimated Economic and Social Impact

250 jobs and 400 construction jobs.

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