Cushman & Wakefield Clean Harbors Case Study

1. PROJECT OVERVIEW
The US Route 322, Logan Township, NJ Property was the largest non-deep water port industrial
land sale in New Jersey during 2016. The RCC industrial zoned property is +/-415 acres, and
the land sale represented a potential development yield of +/-3.3 million SF. Clean Harbors
deemed the site surplus to their operations, they engaged Cushman & Wakefield to sell the site.
THE SOLUTION
To increase the value of the site, Cushman & Wakefield engaged a civil engineer to program the
site, and structured a competitive bid process for developers. After programming the site, the +/-
415 acres yielded the potential to build a +/-3.3 million SF master planned warehouse/distribution
industrial park.
RESULTS ACHIEVED
Cushman & Wakefield pre-negotiated a binding Purchase & Sale Agreement, resulting in a
$12 million sale of the site, with a contracted year-end closing date for the seller.
OVERALL SAVINGS & AVOIDANCE
$887K OR $30/SF
Industrial Multi-Market Services
Project Close-Up: Clean Harbors
Corporate Land Disposition with Valuation and
Value-added Predevelopment Services
CLIENT
Bridgeport Disposal, LLC
(a corporate affiliate of
Clean Harbors Corporation)
42 Longwater Drive
Norwell, MA
SQUARE FOOTAGE
+/-3.3 MSF |
+/-415 ACRES
SERVICES
• Valuation & Advisory
• Predevelopment Consulting Services
• Brokerage