Matheson Tri-Gas, East Rutherford, NJ
This project includes the purchase, re-entitlement and redevelopment of an 8-acre former compressed gas processing facility. The project is located in the Meadowlands of New Jersey within 1 mile of Metlife/Giants Stadium.
The Development Team principals completed the acquisition of this property from the former industrial operator of the facility after the cessation of manufacturing operations at the site. The former owner of the facility completed remediation to industrial standards. Catalyst completed site grading to enhance to the existing cap on the site and raise the site above FEMA flood elevations. Construction of 140,000 SF industrial building is has been completed and the site was sold to a user.