{"id":1004347283,"date":"2019-08-22T00:00:26","date_gmt":"2019-08-22T08:00:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004347283"},"modified":"2019-08-22T06:41:18","modified_gmt":"2019-08-22T14:41:18","slug":"rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/","title":{"rendered":"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey"},"content":{"rendered":"
\"\"<\/a>

10Edison. Rendering courtesy of Rockefeller Group<\/em><\/p><\/div>\n

Rockefeller Group began construction on 10Edison, a 900,000-square-foot industrial project in Edison, N.J. The property will be developed as a speculative distribution center with completion slated for August 2020.<\/p>\n

\n

READ ALSO:<\/strong> Nike Jumps Into Phoenix With $70M Acquisition<\/a><\/p>\n

\n

Located at 10 Edison Ave. off of Route 27, the development will take shape on a 56-acre property. The building will feature the ability to cross-dock where incoming trucks can load into outgoing trucks with little storage downtime. The development will also have 150 dock doors, 464 car parking stalls and 206 trailer parking stalls. When completed, the property will be valued at around $200 million, according to Mark Shearer, Rockefeller Group\u2019s New Jersey\/Pennsylvania senior vice president & regional development officer. <\/p>\n

\u201cThe 40-foot ceilings give the end user the ability to add an additional pallet position to their racks, which increases the volume of product that can be stored in the building and it gives the user flexibility to add multiple levels of material handling equipment and conveyors,\u201d<\/em> Shearer told Commercial Property Executive.<\/em><\/p>\n

CBRE\u2019s Vice Chairman Thomas Monahan is joined by Stephen D\u2019Amato and Larry Schiffenhaus in leading the leasing efforts for 10Edison. Monahan added that the Northern New Jersey market lacks properties larger than 750,000 square feet, especially near the New Jersey Turnpike corridor.<\/p>\n

Repurposing and improving<\/h2>\n

The property\u2019s previous life was an ExxonMobil research lab and synthetic oil facility that was in business from 1949 to 2016. Rockefeller bought the property in 2017 and began a two-year process where they worked with the Town of Edison on improving the site\u2019s infrastructure and zoning. Their work has also led to traffic improvements on Route 27, Shearer explained to CPE<\/em>.<\/p>\n

This is Rockefeller\u2019s second distribution center with 40-foot ceilings in New Jersey, as in 2015 they developed Cranbury Station Park, a similarly sized 930,000-square-foot development in Jersey\u2019s Cranbury Township. Rockefeller has been active in the U.S. industrial market, recently leasing out nearly 140,000 square feet<\/a> to an electronics distributor in their Tri-City Industrial Complex in San Bernardino, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"

The developer is transforming a site formerly owned by the energy company into a spec distribution center.<\/p>\n","protected":false},"author":883,"featured_media":1004347313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21748,1600,21742,10],"tags":[32789,33348,46655],"class_list":["post-1004347283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-industrial","category-new-york","category-latest","category-northeast","tag-cbre","tag-the-rockefeller-group","tag-thomas-monahan"],"acf":[],"yoast_head":"\nRockefeller Group Overhauls Former ExxonMobil Plant in New Jersey - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey\" \/>\n<meta property=\"og:description\" content=\"The developer is transforming a site formerly owned by the energy company into a spec distribution center.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-22T08:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-22T14:41:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"857\" \/>\n\t<meta property=\"og:image:height\" content=\"664\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/\",\"name\":\"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg\",\"datePublished\":\"2019-08-22T08:00:26+00:00\",\"dateModified\":\"2019-08-22T14:41:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg\",\"width\":857,\"height\":664,\"caption\":\"10Edison. Rendering courtesy of Rockefeller Group\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\",\"name\":\"Jackson Chen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96\",\"caption\":\"Jackson Chen\"},\"description\":\"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/","og_locale":"en_US","og_type":"article","og_title":"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey","og_description":"The developer is transforming a site formerly owned by the energy company into a spec distribution center.","og_url":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2019-08-22T08:00:26+00:00","article_modified_time":"2019-08-22T14:41:18+00:00","og_image":[{"width":857,"height":664,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg","type":"image\/jpeg"}],"author":"Jackson Chen","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/","url":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/","name":"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg","datePublished":"2019-08-22T08:00:26+00:00","dateModified":"2019-08-22T14:41:18+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg","width":857,"height":664,"caption":"10Edison. Rendering courtesy of Rockefeller Group"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/rockefeller-group-overhauls-former-exxonmobil-plant-in-new-jersey\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Rockefeller Group Overhauls Former ExxonMobil Plant in New Jersey"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1","name":"Jackson Chen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/06\/jchenheadshot.png?w=96","caption":"Jackson Chen"},"description":"Jackson Chen is a Connecticut-based freelance writer who has reported on real estate for more than five years. He cut his teeth with real estate journalism when he previously wrote for Real Estate Weekly, the longest-running real estate publication in New York City. He has been writing for Multi-Housing News since late 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/jackson-chen\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/10-Edison-1-LR.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004347283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/883"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004347283"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004347283\/revisions"}],"predecessor-version":[{"id":1004347565,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004347283\/revisions\/1004347565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004347313"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004347283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004347283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004347283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}