New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Hilco Plans Warehouses on Sites of Former NJ Power Plants
Hilco Redevelopment Partners (HRP) has acquired PSEG Power’s retired Hudson Generating Station in Jersey City/Secaucus (pictured) and Mercer Generating Station in Hamilton Township, NJ for an undisclosed sum. Both coal-burning power plants were built in the 1960s and retired in June 2017.
HRP plans to redevelop the sites as state-of-the-art industrial parks to serve the growing need for regional warehouse distribution hubs in central and northern New Jersey.
Roberto Perez, CEO of HRP, said, “The locations of both the Hudson and Mercer sites offer transformational opportunities to reposition underutilized land into modern industrial parks in one of the strongest warehouse/distribution center regions in the entire country.”
PSEG’s John Paul Cowan cited HRP’s “track record of success taking on both the remediation of these types of industrial facilities and, most importantly, redeveloping them into economic engines for the people who live in and around the sites.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
