New York & Tri-State + New Jersey + Industrial | March 29, 2023

IMTT Will Consolidate Bayonne Operations, Freeing 130 Acres for Redevelopment

IMTT plans to consolidate its existing bulk liquid storage operations in Bayonne, NJ, which will free approximately 130 waterfront acres for redevelopment on its 450-acre property. Even after the anticipated reduction in storage capacity, IMTT’s Bayonne terminal will continue to be the largest bulk liquids storage terminal in the New York Harbor area.

The New Orleans-based company is actively considering all potential development opportunities for the approximately 130 acres on the east side of its Bayonne property. Given IMTT Bayonne’s location within a 15-mile radius of nearly 8.3 million people, the property is well suited for a wide variety of industrial and commercial uses.

IMTT is focused on leveraging its property’s unique attributes, including access to the IMTT-owned East Jersey Railroad, multiple deepwater docks, and two interstate natural gas pipelines, to attract innovative and economic development to Bayonne, which is expected to generate job opportunities and incremental tax revenue.

Connect

Inside The Story

IMTT

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints