Gov. addresses state developers group

NAIOP supports controversial Route 92 project
Staff Writer, North/South Brunswick Sentinel, March 11, 2004

NEW BRUNSWICK: Gov. James McGreevey told a commercial developers group last week that they play an important part in the state's economy.

"You are the salespeople for the state of New Jersey," McGreevey told some of the 430 members of the National Association of Industrial and Office Properties (NAIOP) during a conference at the Hyatt hotel in New Brunswick last week.

The New Jersey chapter of the national organization was formed in 1970. The national organization has 49 chapters and 11,000 members, according to the organization.

Chapter Executive Director Mike McGuinness said that the organization works with investors, owners and developers in the United States and Canada to help guide public policy and assist in the state's economic development.

"Our purpose is to protect commercial developers in New Jersey," McGuinness said.

NAIOP President Alex Klatskin, who works with his father, Charles Klatskin of Forsgate Industrial Properties, said that the group is working throughout the state to solve development issues.

"We intend to work with the (McGreevey) administration," Klatskin said.

Klatskin and his father have developed several commercial sites in the region, including warehousing along Route 130 near the New Jersey Turnpike exit 8A.

"8A is a strong market," Klatskin said.

According to Klatskin, the centralized location of that exit in the state make it a natural for this kind of development. Klatskin said that the area could hold a total of 50 million square feet of warehousing and office space, and that another 10 million-15 million square feet of building needs to be finished before the area is fully developed.

"After that, it would be finished," Klatskin said.

Klatskin also said that the NAIOP supports the turnpike's plan to build the controversial Route 92 project through South Brunswick.

That project, estimated to cost $400 million, would build a 6.7 mile toll road from exit 8A to Route 1 near Kingston.

Plainsboro and Princeton townships both support the plan, while South Brunswick and other neighbors vehemently oppose the project.