Burlington, New Jersey
I-95 EXIT 6/6A
Click here to view the Burlington Industrial Site property brochure
Development
Entitlements approved for a 1,690,000 square foot distribution warehouse park.
Repositioning
Viridian acquired this 130 acre property from Hercules, Incorporated on September 1, 2005, with the intent of repositioning the land into a distribution park. The property is located at 300 Neck Road in Burlington Township, Burlington County, New Jersey, and is adjacent to New Jersey State Highway 130, and is two miles from the New Jersey Turnpike Exit 6/6A and the I-276 connector to the Pennsylvania Turnpike. Viridian secured entitlements for a first-class 1,670,000 square foot distribution warehouse park and has completed sitework and delivered the project in pad-ready development condition.
The property was the location of a chemical plant operated by Hercules from 1947 to 1992. The plant was decommissioned in 1992, at which time Hercules undertook the remediation process required by Federal and State regulators. Hercules began site demolition activities in 2004. At the time of acquisition, all surface improvements had been removed.
Viridian fully released Hercules from all environmental liability attendant to the property. The property is now in the final stages of the repositioning process and all active remediation is complete.
Remediation
Viridian, through its subsidiary Burlington Neck, LLC, replaced Hercules Corporation on the New Jersey Department of Environmental Protection (NJDEP) Administrative Consent Order (ACO) dated May 6, 1992. Viridian worked with the NJDEP and the Township and County of Burlington in the implementation of an integrated remediation and repositioning plan that included fixation and disposition of lagoon materials, treatment of shallow metal impacts, removal of old manufacturing foundations, and import and grading of over 300,000 cubic yards of Processed Dredge Material for fill. NFA’s have been issued and incorporate the use of both institutional and engineering controls.
Awards
Recognized by the National Association of Industrial and Office Properties as the 2009 Northern New Jersey Deal of the Year, and by the Burlington Township Chamber of Commerce as the 2009 Economic Development Project of the Year. More info...
Disposition
*Sold, November 2008.