Newark Farmers Market

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Overview


 

The Newark Farmers Market is warehouse and distribution center used for the processing and packaging of fresh produce. The NMTC investment was in New Farmers Market Energy, a green company that leased space from the Newark Farmers Market for solar panels and hydrogen fueling. This NMTC investment--along with other funding sources--enabled the construction of this solar panel and hydrogen facility, and brought approximately 50 jobs to the area. Urban Atlantic's $10 Million Allocation leveraged over $65 Million in project costs.

 

 

Location

Newark, NJ

 

Sponsor Developer

Newark Farmers Market Energy

 

 

UA NMTC Allocation

$10 Million

Closing Year

2012

 

Project Type

Food Distribution Center

 

 

Size

181,000 SF