Happy New Year from ELT!

In this newsletter, we are reviewing transformative brownfield projects and achievements from last year. And we wish everyone a healthy and successful 2024.

Stay tuned at the end of this newsletter for a list of redeveloped brownfield sites now available for sale or lease.

In May 2023, ELT announced the acquisition of a 300-acre retired bulk oil storage terminal located on the East Coast United States. The bulk oil terminal operated for 80 years and was used to store and distribute liquid commodities such as crude oil, gasoline, jet fuels, and other petroleum products. Notable site attributes include several deep-water piers with lengths of 1,000 feet, 550 feet, and 300 feet, which are suitable for berthing large, ocean-going vessels. The site provides access to Atlantic Ocean shipping channels via the Chesapeake Bay. The property was acquired from a major North American petrochemical manufacturer.

Read more »

First State Crossing took major redevelopment strides in 2023. This is a multi-faceted construction project expected to include 3.75 million square feet of new construction - all taking place at the former EVRAZ steel mill in Claymont, Delaware.

The estimated $850 million new construction project is expected to have the largest economic development impact of any project underway in the state, according to Brett Saddler, Executive Director of the Claymont Renaissance Development Corporation. The master plan includes 3.75 million square feet of new construction – office, residential, retail, light-industrial, and a new nature park with an extensive network of walking trails and other community amenities. Here is what took place in 2023...

Brayton Point Commerce Center continued progress toward an offshore wind development in 2023. The economic impact of Brayton Point’s transition to a renewable energy development will surpass the loss incurred by the closure of the coal-fired power plant. Today Brayton Point is far along with multiple renewable energy users who will locate operations at Brayton Point.

In 2009, ELT played a critical role in the Chapter 11 bankruptcy reorganization of ASARCO (American Smelting and Refining Company, LLC), and the subsequent redevelopment of multiple environmentally-contaminated sites in the US. One of those sites was a 70-acre aluminum smelter in Perth Amboy, NJ. ELT acquired the real estate, assumed environmental liabilities, and initiated an environmental cleanup plan that has created a platform for new development.

The site has since been sold to a warehouse developer who just announced a 1 MSF high-capacity storage and distribution center to be built on the property.

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One of ELT’s long term projects is a retired manufacturing plant in Hamilton, NJ. ELT assumed the environmental liabilities and CDC purchased the real estate and began the process of demolition and environmental remediation. By 2023, the environmental condition at the property is completely restored and CDC sold a portion of the site to a large NJ development and investment firm who is planning a 420,000 SF logistics warehouse expected to generate significant tax revenue and create local jobs. 

ELT has a large portfolio or industrial real estate ready for energy storage projects - former power plants, manufacturing hubs, and heavy industrial properties. These are redeveloped assets with access to substations, electric grids, and infrastructure suitable for battery storage, solar, and other energy projects.

In 2023, CDC leased battery storage projects in 4 different states (CT, OR, MI, IL), and expects to continue battery storage projects this upcoming year. If you are looking for sustainable and pad-ready land solutions for new battery storage projects, contact us for a full list of available sites.

In 2023, CDC restored a 140,000 SF industrial warehouse in Trenton, NJ. Once the site of a large Congoleum manufacturing plant, CDC demolished most of the legacy infrastructure but was able to maintain and restore a warehouse to the west of the main manufacturing campus. This 14.5 acre site is a rare find in the NJ market. 140,000 SF industrial warehouse with 13 dock doors, 38-ft ceilings, a new roof.

Interested parties can contact Steve Collins for more information at 314-835-2835 or scollins@cdcco.com.

This past year, CDC sold 175 acres of a former power plant site to an aggregates company who will use the site for storage and stone processing. In 2016, CDC proposed a RE purchase, ELT, and environmental remediation plan at the former Picway Power Plant, a 468-acre retired AEP coal-fired power plant outside Columbus, OH. This jumpstarted cleanup and demolition at the site. Today demolition is complete, the property has received an NFA letter, and portions of the 450-acre site are being resold to appropriate end users.

ELT/CDC projects received 2 CoStar Impact Awards this year - "Redevelopment of the Year" and "Commercial Development of the Year". CoStar Impact Award winners were selected from a panel of more than 750 industry professionals drawn from each respective market. Details on each project listed below. Bravo to everyone involved!

• Trenton, MI: Multiple development-ready lots available across 110-acre site. Two (2) rail spurs onsite with service to Class-1 rail lines, strong infrastructure, access to heavy power, and potential access to the Detroit River --- Download Brochure »

• Fort Smith, AR: Multiple development-ready lots available across 110-acre site. Two (2) rail spurs onsite with service to Class-1 rail lines, strong infrastructure, access to heavy power, and potential access to the Detroit River --- Download Brochure »

• Detroit, MI: Prime industrial development opportunity, very close to Detroit Metropolitan Airport (DTW), less than 9 mile --- Download Brochure »

• Claymont, DE: There are still lots available at the First State Crossing project. This is a large, multi-use development just south of Philadelphia. Master plan includes 3.75 MSF of new construction – office, residential, retail, and light-industrial. Adjacent to new commuter rail station. View Details »

• Meredosia, IL: 15-acre industrial site (former Ameren power plant); 800-ft dock line on Illinois River, heavy utilities, Norfolk Southern rail spur nearby --- Download Brochure »

• Somerset, MA: Multiple Buildings and Sites Located on New England Port; 82,000 SF Manufacturing Building Download Brochure », 20,000 SF Warehouse with Office Download Brochure »
• Map of Available Lots

• Antioch, CA: 155-acre channel island on the San Joaquin River, AKA "West Island" --- Download Brochure »

• Ukiah, CA: 7-acre, heavy industrial zoned site ready for new industrial users, manufacturing, laydown, storage --- Download Brochure »

• San Antonio, TX: Last Mile Distribution Center & Warehousing Site --- Download Brochure »

• Rockwood, TN: 115-acre Development-Ready Site for Light Industrial, Commercial, Solar --- Download Brochure »

• Chamois, MO: Outdoor Storage, Laydown Opportunity, Frontage Along Missouri River --- Download Brochure »

• Newberg, OR: 220-acre Reclaimed Paper Mill Prepared for Residential, Retail, Mixed-Use, and Light Industrial; Possible Technology, Data Center Use --- Download Brochure »

• Columbus, OH: 283 acres, land available for battery storage, solar, laydown yard, hunting/outdoor, AEP substation nearby --- Download Brochure »

Interested parties can contact John Kowalik, 314-835-2813 or jkowalik@cdcco.com. Additionally, if you are sourcing industrial real estate in any market, please check with us as we do have many ongoing brownfield redevelopment projects throughout the US and Canada.