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CAMDEN, NJ-Nutsco Inc., a Brazilian-based processor of nuts and related foodstuffs, has signed a 20-year lease for a three-acre site formerly used to store shipping containers on this city’s waterfront. The company will use the site to build a 50,000-sf processing plant that’s expected to be in operation by early next year.

The company’s initial commitment to the property, which is owned by the South Jersey Port Corp., is in the vicinity of $3 million, according to company representative Jose Roberto Azevedo. Total start-up costs are expected to be $15 million, with the project initially creating 40 jobs, and a total of 60 jobs with a phase two expansion.

The company has been exporting to the US for some 30 years, and “decided it would be best to establish a US processing facility,” according to Azevedo. Nutsco scouted locations on the West Coast, Texas, Georgia and Florida before opting for the Port of Camden, according to Azevedo.

As part of the deal, for which Nutsco is getting no government money, the company also has an option to lease an adjacent two-acre parcel owned by the SJPC, which is a state agency. Besides the initial 20-year commitment to the initial tree-acre site, the company also has two 10-year lease renewal options.

“The addition of Nutsco to the port’s roster of tenants strongly complements our port economic development program, which includes a $46 million investment in new port infrastructure,” says SJPC chairman Richard A. Alaimo.

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