The Ridgefield Planning Board approved an application to allow a 254,000-square-foot industrial building on the 18.73-acre Pfister Site, financed by Procida Funding at its monthly meeting.
Located just off Route 46 on the Eastern shore of Overpeck Creek, the Pfister site is less than seven miles from the New Jersey Turnpike and two miles from the George Washington Bridge. The property is adjacent to the planned Hudson Bergen Lite Rail stop.
The property’s long-time owner, the Bedelius family, operated a thriving chemical business on the site from the 1930s the 2000s and received numerous offers for the property from developers who expressed interest in the property and urged the owners seek a larger footprint.
“The team of Boswell Engineering, Matrix Environmental Engineering, J. Fletcher Creamer & Son, Inc., Kaufman Semeraro & Leibman, LLP, and Environetics designers did a fantastic job preparing the plans for the site, and clearly the Ridgefield Planning Board embraced this opportunity to revive one of its most prized commercial properties,” says William Procida, founder of Procida Funding, which financed the pre-development program, including an extensive environmental remediation program. “We are gratified to see this project move forward and extend congratulations to the team.”
A variety of development options are available on the site, which overs as-of-right uses, but the industrial segment was most active in making offers for the property prior to the planning board’s action.
“This is the largest piece of available developable land in Bergen County and now that it provides greater density and is shovel-ready, we expect it will generate even more attention than ever,” says Procida.
Bordering the eastern shore of Overpeck Creek, the property was home to the Pfister Chemical factory from the 1930s through the 1990s and went up for sale in August 2017 after the site underwent an extensive remediation process.