Specifically, CBRE SVPs Mindy Lissner and William Waxman of thefirm's East Brunswick office will handle the assignment incollaboration the Duke's vice president of development and leasingfor the East Region, Bob Grossi, on the assignment. Grossi was recentpromoted to that position to specifically oversee the GM/Lindenproject for the company.


As reported by GlobeSt.com, Duke, backed by the SanFrancisco-based Stockbridge Real Estate Fund, bought the propertyfrom General Motors in 2007 for more than $75 million."Duke purchased this facility for its prime location anddevelopment potential," Lissner says, in a statement. She terms it"an historic redevelopment project."


Duke Realty is currently in the process of getting its approvalsfrom the city to proceed with the redevelopment. Demolition of the2.7-million-sf, multibuilding GM plant began earlier this year, thefirst step in a two-year effort to ready the site for newconstruction. Once the buildings have been demolished and removed,remediation work will continue into early 2009, and companyofficials anticipate new construction to start by mid-2009.


The former GM plant opened in the late 1930s, and after numerousexpansions remained operational until early 2005 when it fellvictim to the automaker's restructuring of its manufacturingfacilities. Duke and financial partner Stockbridge subsequently wonout over 20 other bidders for the property. The site is near Exit13 of the New Jersey Turnpike, as well as the Port ofNewark/Elizabeth and Newark Liberty International Airport.

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