Now Available: 5-Acre Waterfront Site on Arthur Kill River

Perth Amboy, NJ

Now Available: 5-Acre Waterfront Site on Arthur Kill River

16:38 24 November in Industrial
 

Commercial Development Company is now offering this 5-acre waterfront property in Perth Amboy NJ for sale or lease. This site is located within a growing industrial & logistics park with direct access to the Arthur Kill River. Property includes a 400-ft, 80,000 lb capacity pier, a newly installed bulkhead, located minutes from I-440 and I-9.

Interested parties can reach out to Derek Kessler at 314-835-2809 or dkessler@cdcco.com.

This property was formerly the smelting and refining facility occupied by ASARCO. CDC acquired the property in 2015 and has transformed Perth Amboy’s historic waterfront from a contaminated brownfield site into a new state-of-the-art industrial complex.

CDC believes this site is a prime candidate for redevelopment given its strategic location along the I-95 corridor.

The property is located north of the 440 with direct access to Staten Island and the New Jersey Turnpike, and bordered to the east by the Arthur Kill, a major navigational channel for the Port of New York and Newark, NJ.

Environmental Liability Transfer: CDC affiliate company Environmental Liability Transfer, Inc. (ELT) played a critical role in the Chapter 11 bankruptcy reorganization of ASARCO by assuming legacy environmental liabilities, which was the catalyst that enabled remediation and redevelopment of this site. To read about ELT’s role in the transaction, click here.

Following acquisition, CDC commissioned affiliate company EnviroAnalytics Group (EAG) with the task of environmental remediation at the site. EAG has signed a consent decree with the New Jersey Department of Environmental Protection (NJDEP) confirming its agreement to protect the health and safety concerns required for industrial development. EAG completed removal of hot spots and constructed a slurry wall to protect against the migration of contamination into the Arthur Kill. Large amounts of clean fill were imported to raise the site above post Hurricane Sandy elevation as required for new building construction.