X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CAMDEN, NJ-Outgoing Gov. James McGreevey late last week dedicated the new $19.6 million, 278,000-sf Camden Technology Center in this city’s Downtown area. The facility is situated adjacent to Camden County College.

The eight-story facility is expected to be a focal point of the locally designated innovation zone, one of three created recently by the McGreevey administration. The other two zones are located in Newark and New Brunswick, and all three are tied to the state’s major research universities.

“As the number of technology jobs continues to increase, this center will give residents a competitive edge and position the city for the future,” McGreevey said. “This center is also a symbol of a greater recovery happening here.”

The complex, which features a university bookstore and a 660-car parking garage, is also one of the first construction projects to be completed under the Camden Rehabilitation and Economic Recovery Act of 2002. The act allocates $175 million in state funds to revitalization projects here and has, to date, leveraged $1.14 billion in private investment, according to state officials.

Under the act, Camden County College received $3.5 million to help finance the technology center. The state contributed another $8 million in bond financing, and the county provided matching funds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.