Industrial developer PNKGrouphasofficiallybroken ground on a new 268,000-square-foot multi-functional facility in southern New Jersey.
ThePNKWaterfordGroundbreakingCeremonytookplaceonOctober 14inCamdenCounty. The building will span 268,000 square feet on a 53-acre site.
According to Mark Stiles, Partner at PNK Group, the southern New Jersey region is of strategic importance for the company, and the project itself is critically important for local authorities. The groundbreakingceremonywasattended byregionalleaders, includingSenatorPaulD.Moriarty, Mayor Robert Doney, Deputy Mayor Thomas Giangiulio, Police Chief Daniel Cormaney, and other representatives from Waterford Township.
“Saying we're excited about this project would be an understatement,” said Robert Doney, Mayor of Waterford Township. “This is likely one of the largest – if not the largest-developmentsourtownship hasseeninaverylongtime. We'rethrilledto welcomePNKtoourcommunityandlookforward toseeingthisimpressivebuilding come to life, bringing jobs, opportunities, and growth to Waterford.”
Southern New Jersey traditionally sees strong tenant demand due to its strategic location, proximity to four major seaports, high population density, and access to skilled labor. The site is located at the intersection of Routes 30 and 73, two major transportation arteries providing fast access to I-295 and the NJ Turnpike. Within a 150-mile radius, roughly 35 million people live, includingthoseinthemetropolitanareasofNewYork,Philadelphia,Baltimore,andWashington, D.C.
Theproject ispartofthe20-year PILOT(PaymentInLieuofTaxes)program, whichoffers significant tax advantages for future tenants and users.
About PNK Group PNK Group is an engineering and manufacturing company leading technological advancements in industrial construction. The company's modular construction method uses largeprefabricatedunits producedwithprecise accuracy,makingon-site assemblysimplerand reducing the need for large crews and heavy machinery.
MediaContact:
Contact Info: Name: Mark Stiles Phone: +1 (646) 517 7915 Website: https://pnk.groupEmail: 402837@email4pr.com Organization: PNK Group Address:17StateStreet, Suite3930,NewYork,NY10004
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SOURCE PNK Group
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