The corner of Kuser and Klockner roads could soon become home to a 339,500-square-foot warehouse
HAMILTON -- The corner of Kuser and Klockner roads could soon become home to a 339,500-square-foot warehouse.
File photo of Hamilton Municipal Building. Representatives of IPT 7A DC LLC will go before the planning board on Thursday. The parent company, Industrial Property Trust, is a real estate investment trust that acquires and runs distribution warehouses for corporate customers.
Mike Angarone, the township's director of economic development, said a client has not been lined up yet.
MORE: Fortune 500 warehouse proposed across from Shoppes at Hamilton
The application comes on the heels of another major warehouse being proposed across from the Shoppes of Hamilton on Route 130. There, SunCap Property Group has filed plans to build a 340,000-square-foot FedEx distribution warehouse. The hearing for that application was pushed back to Dec. 10.
Angarone said the two projects, if approved, would bring both jobs and ratables to the township.
"People are looking at Hamilton as a good place to do business, but more importantly to taxpayers, it represents a pretty sizable increase in their ratables which go toward our budget," he said.
He added that ratables more than doubled from a year ago, jumping from $12 million to $30.5 million.
Cristina Rojas may be reached at crojas@njadvancemedia.com. Follow her on Twitter @CristinaRojasTT. Find The Times of Trenton on Facebook.
