An 18.73-acre site just off Route 46 was approved for a 254,000-sqaure-foot industrial building earlier this week. Procida Funding is set to provide financing for the project at the site, which is owned by Pfister.
“The team of Boswell Engineering, Matrix Environmental Engineering, J. Fletcher Creamer & Son Inc., Kaufman Semeraro & Leibman LLP and Environetics designers did a fantastic job preparing the plans for the site, and clearly the Ridgefield Planning Board embraced this opportunity to revive one of its most prized commercial properties,” said William Procida, founder of Procida Funding. “We are gratified to see this project move forward and extend congratulations to the team.”
The site is located two miles from the George Washington Bridge. The property is also adjacent to the Hudson Bergen Light Rail.
A variety of development options are available on the site. According to Pfister, Newmark Knight Frank is heading the disposition.
The Pfister chemical factory was housed at the site from the 1930s until the 1990s. The property was sold in August 2017 after extensive remediation.
“This is the largest piece of available developable land in Bergen County and now that it provides greater density and is shovel-ready, we expect it will generate even more attention than ever,” Procida said in a release.