Modern Meadow Leases 72,900-Square-Foot Space At ON3 Campus In Nutley

The leased mixed-use property located at 340 Kingsland St, Nutley, NJ, 07110 spans a total of 72,900 square feet. The property is situated in the Nutley market, with the landlord being Prism Capital Partners.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not applicable
• Tenant's Rep: William Hartman(Cushman & Wakefield)
• Market: Nutley

Modern Meadow, a biofabrication company specializing in advanced materials, made a strategic move to a cutting-edge laboratory and pilot manufacturing site at the ON3 campus in Nutley, NJ. The relocation was facilitated, in part, by Grow NJ tax credits amounting up to $32 million approved by the New Jersey Economic Development Authority. As part of their expansion plan, Modern Meadow is aiming to hire 200 new employees by 2020. The move was overseen by the tenant's representative, William Hartman from Cushman & Wakefield, who was instrumental in securing the ideal location for the company's growth.