MAYOR BOLLWAGE AND PARTNERS CUT RIBBON ON NEW FEDEX BUILDING

Contact: Kelly Vence

908-820-4124

Public Information Office

 

MAYOR BOLLWAGE AND PARTNERS CUT RIBBON ON NEW FEDEX BUILDING

 

ELIZABETH, NJ—March 20, 2012— Mayor J. Christian Bollwage joined David Gibbons representing Elberon Development Company LLC, Jay Cornforth from Prologis, Inc., and Jim Major from FedEx to cut the ribbon on the new 152,230 square foot home to FedEx.

“Working with companies like Prologis, enables existing buildings to be transformed into new state-of-the-art structures, new jobs to be created, and opportunities for the City of Elizabeth to be multiplied,” said Mayor J. Christian Bollwage. “This new location will increase the operational efficiency and effectiveness of FedEx, while providing the people who work and invest here, access to valuable resources that will contribute to their ongoing success.”

The new building, which is scheduled for completion in May 2012, will be utilized completely by the FedEx Corporation. This project also supports the City of Elizabeth’s Go Green initiatives as it included energy efficient elements within the construction such as precast panels as well as the incorporation of a thermoplastic polyolefin membrane roof, which reduces solar heat.

Working together to redevelop this site, Prologis and Portview Properties LLC began with an overall plan that would most effectively utilize as well as be responsive to, the surrounding communities and nearby Newark Liberty International Airport.

“It was approximately ten years ago that we started planning and thinking about this real estate project and therefore began to conduct analysis on the property,” said David Gibbons of Elberon Development Company. “I am pleased to work with such committed partners in bringing this project to fruition.”

Thoughtful planning, sustainable design features and prime location have made Prologis Portview Commerce Center an immediate success. The new facility’s proximity to the airport will provide better distribution capabilities and enables FedEx to serve as a gateway to support the supply chain needs. In addition, the company already employs two thousand people at the existing hub located across the street from the new site.

“Our relationship with FedEx goes back to twenty years, with both AMB and Prologis. Today, we have forty-two leases with FedEx all over the United States and up to 2.5 million square feet,” said Jay Cornforth of Prologis, Inc. “They are one of our top ten global customers and we could not be happier than to have them here at this facility.”

Prologis is the leading owner, operator and developer of industrial real estate and focuses on global and regional markets throughout the world.

“FedEx is the second largest carrier in Newark Liberty International Airport and this facility will create close to three hundred new jobs,” said Jim Major, Managing Director of the new FedEx facility. “I would like to thank the City, the Mayor and Prologis for their continued cooperation and support, as we hope to continue to do business here in Elizabeth.”