Woodbridge, New Jersey
I-95 EXIT 10
Development
Entitlements approved for a 133 door freight terminal.
Repositioning
Viridian Partners acquired the property from PMC Corporation in September, 2008. The 13.3 acre property is located on River Road at the east end of the Raritan Industrial Area, near Exit 10 of the New Jersey Turnpike. The site is within close proximity to Routes 1, 9, 287, and 440, Newark and the Port of Elizabeth. Viridian has been designated as the Redeveloper of the site by the Woodbridge Redevelopment Agency and has secured entitlements for a centrally located, 53,000 square foot, 133 door freight terminal.
The previous owners and operators of the site included Ashland Company, Heyden Chemical Corporation and Catalin Corporation. In 1980, Sherwin-Williams Corporation purchased the plant from Ashland. Sherwin-Williams manufactured antioxidant and phenolic resins on site from 1981 to 1985 when it was sold to PMC Specialties Group. PMC conducted similar manufacturing operations until it closed the site in 2002. The cessation of operations by PMC in 2002 triggered the Industrial Site Recovery Act (ISRA) and the requirement to characterize the environmental impacts of PMC’s operations. Sherwin Williams submitted a Remedial Action Work Plan (RAWP) focused on the ground water cleanup to NJDEP in 2004, which included a Monitored Natural Attenuation (MNA) remedy. This RAWP is still pending. Viridian has acquired the property, and Ashland is responsible for the site’s remediation, under Viridian’s site management.
Remediation
Viridian entered into a Memorandum of Agreement with the NJDEP for regulatory closure. Viridian is finalizing its work with the City of Woodbridge, Middlesex County, the NJDEP, and the Middlesex County Municipal Utility Authority and anticipates commencement of an integrated remediation and repositioning plan by mid-2009. The remediation plan includes the finalization of a Groundwater Monitoring Program, removal of old manufacturing foundations, and the import and grading of over 30,000 cubic yards of Processed Dredge Material fill.