The campus will feature up to 1.5 million sf of class A space on14 lots that are being marketed for sale, lease or build-to-suit.The site, which is within both an urban enterprise zone and aforeign-trade zone, borders FirstEnergy Park, home of the minorleague Lakewood BlueClaws baseball team. Some 200 acres of pristinepine forest are also adjacent.

The federal grant comes on the heels of an earlier $4 millioneconomic development grant from the State of New Jersey, which isalso designated for infrastructure improvements. The combinedmonies are expected to get first phase work underway by the end ofthe year, including the bidding and construction of infrastructure.A 15-year build-out is anticipated.

Cedarbridge Development Corp. is a partnership of severalentities led by Picus Associates as project manager.

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