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Skanska signs additional $220M contract for Prudential tower in Newark

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Sweden-based construction management firm Skanska announced today it has signed an additional $220 million contract for the building of the new officer tower for Prudential Financial Inc. in Newark. The 20-story building is already under construction and will include more than 700,000 square feet.

According to the announcement, the facility will include an adjoining parking garage and ground-level retail space. It will also strive for gold-level LEED certification. Construction is expected to be completed in early 2015.

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