Rockefeller Group Foreign Trade Zone, Jersey City, NJ (Meadowlands)
– 40-Acre Foreign Trade Zone Park for 550,000 Square Feet of Industrial Space in New Jersey Meadowlands
Rockefeller Group Development Corporation is developing a 40-acre industrial park in the New Jersey Meadowlands at Exit 15X of the New Jersey Turnpike.
The Meadowlands site, which has Foreign Trade Zone status, can handle one or two warehouse/distribution buildings totaling more than 550,000 square feet.
The site, on County Road, is less than one half mile from the newly created Exit 15X of the New Jersey Turnpike and is minutes from the Lincoln Tunnel. The site is one of the last remaining undeveloped ones in the Meadowlands, allowing users to occupy a modern warehouse in a market where most buildings are over 15 years old. This site is ideal for a major build-to-suit distribution center.
RGDC acquired the site in 2006 in a joint venture with MC Realty, Inc., of Los Angeles. MC Realty, Inc., a wholly owned subsidiary of Mitsubishi Corporation, manages US real estate investment opportunities on behalf of Mitsubishi Corporation. (Mitsubishi Corporation, although it bears a similar name and is headquartered in Japan, is a separate company, unrelated financially or legally to Mitsubishi Estate Company Limited, the parent company of The Rockefeller Group.)