M id A tlantic Real Estate Journal — New Jersey — March 2023 — 3B
www.marej.com
N ew J ersey New Jersey’s Clean Energy Program
NJ State incentives for energy efficiency in new construction
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e’ve all heard the saying “work smarter, not hard-
business owners across the state find, fund, and facilitate new efficiency projects that boost energy performance and slash operating costs. Get Paid to Upgrade Through the different pro- grams, commercial, indus- trial, and residential multi- family energy users may be eligible to receive financial incentives simply by incor- porating qualifying energy efficiency measures in their buildings or facilities. Our in- centives help to offset the cost of purchasing new equipment, which in turn provides long-
term energy savings for your company. There are many opportunities to save money on single measures or bundled whole building savings. Get Started Today To learn more about New Jersey’s Clean Energy Pro- gram’s full suite of offerings and to ensure you pay the least amount possible for your next energy efficiency project, visit NJCleanEnergy.com and register for our monthly Optimize your Business with Energy Efficiency Incentives Commercial & Industrial webinar. MAREJ
er.” That business motto doesn’t just apply to the peo- ple on your payroll, but to your company’s buildings and facilities as well. Adding energy efficient equipment to new construction and gut rehabilitation projects ac- complishes environmental and business savings. For many business owners, while the benefits are obvi- ous, up-front capital for ener- gy-efficiency installations can be hard to find. The rebate and incentive programs avail- able through New Jersey’s Clean Energy Program help PLAINSBORO, NJ — Fen- nelly Associates , one of New Jersey and Pennsylvania’s most experienced and success- ful independent full-service commercial real estate ser- vice providers, announces the $7.7M sale of 31 Schalks Crossing Road, a 50,150 s/f, 31-acre state-of-the-art re- search drug manufacturing facility in Plainsboro. Jerry Fennelly, SIOR , president of Fennelly Associates, and Matt Fennelly , Corporate Real Estate Specialist, represented the seller, Turkey Island Cor- poration, and procured the buyer, Princeton Life Science Park, LLC, through a success- ful marketing campaign. 31 Schalks Crossing Rd. was originally constructed in 1957 as one of several similar buildings designed to com- mercialize isotopes across the country. Columbia University and The Institute of Advanced Study jointly ventured the Princeton reactor, the na- tion’s first privately owned nuclear reactor. Utilized as a research reactor by a variety of public and private research institutions including near- by Princeton University, 31 Schalks Crossing Road played an integral role in the United States’ nuclear power research program for over five decades. However, local population growth and ongoing funding concerns forced the reactor to be permanently shut down in the late 1970s. MAREJ Fennelly Associates brokers $7.7M sale
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NEW JERSEY’S CLEAN ENERGY PROGRAM CAN HELP YOUR BUSINESS SAVE ENERGY AND MONEY
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PROJECTS
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