DEVELOPMENT

Denholtz Associates has built a highly respected reputation as a value-add, full-service commercial real estate owner and developer targeting underperforming assets in prime locations.  This successful track record of creatively value-engineering assets has fueled our growth and aligned our interests with some of the nation’s most powerful and prestigious financial institutions.  Denholtz Associates is well positioned to capitalize on future opportunities.  With over a half-century track record of proven performance, we have created deep bonds, innate trust and powerful results.

CASE STUDY: Environmental Remediation/Development

Hamilton Avenue Redevelopment Site, South Plainfield, NJ

2003027-Overall Development Exhibit resized for websiteOpportunity:

  • 29 acres in South Plainfield
  • Formerly contaminated super fund industrial site remediated by EPA over eight years
  • Denholtz awarded redevelopment rights by the Borough of South Plainfield

Challenges:

  • EPA has lien of $150 million on land
  • Inadequate zoning
  • Requires tri-party agreement with current landowner, EPA, and redeveloper

Results:

  • Denholtz has obtained site plan approval for development of Phase I construction of four buildings
    • Retail lease with Wawa
    • Lease with STS
    • Retail building
    • Flex building
  • Preliminary plans for Phase II of development include a combination of flex/industrial/retail buildings