Altus Power propels Sayreville logistics park with a 10.5 MW solar project
Deal News | Dec 23, 2024 | Altus Power Management LLC

The newly developed Arsenal Trade Center in Sayreville, New Jersey, built by Trammell Crow Co. and CBRE Investment Management, is set to integrate a substantial solar project, marking a significant stride in sustainable development. The park, spanning 74 acres and located near key transport routes, will house a 10.5-megawatt solar installation by Altus Power. This initiative is part of New Jersey's community solar program, offering clean energy to property tenants and local residents. Altus Power, headquartered in Stamford, Connecticut, emphasizes the project's role in delivering sustainable energy solutions, while CBRE highlights the reduced energy costs and sustainability benefits for tenants. The park replaces a former chemical plant site and boasts high sustainability credentials, including gold certification in energy design. Upon completion, it aims to support approximately 1,800 households, reflecting a partnership focused on eco-friendly logistical solutions and economic development in central New Jersey.
Sectors
- Renewable Energy
- Real Estate
- Logistics
Geography
- United States – The project is located in Sayreville, New Jersey, within the United States.
- New Jersey – Specific location of the Arsenal Trade Center and where the solar project will be implemented.
Industry
- Renewable Energy – The article discusses the installation of a solar power project in a logistics park, highlighting activity in the renewable energy sector.
- Real Estate – The development of the Arsenal Trade Center logistics park is a significant real estate project.
- Logistics – The logistics park is designed to meet the demand for modern logistics space.
Financials
- 10.5 megawatts – Capacity of the solar power project being developed by Altus Power.
Participants
Name | Role | Type | Description |
---|---|---|---|
Altus Power Management LLC | Renewable energy project developer | Company | A renewable energy firm based in Stamford, Connecticut. |
Trammell Crow Co. | Logistics park developer | Company | A real estate development company. |
CBRE Investment Management | Logistics park developer and sustainability advocate | Company | A firm focused on real estate investment management. |
Arsenal Trade Center | Target company logistics park | Company | A newly developed logistics park in Sayreville, New Jersey. |
Brett Phillips | Director of investment and structured finance at Altus Power | Person | A key spokesperson representing Altus Power. |
Jesse Harty | Head of logistics for Americas direct real estate at CBRE | Person | A person involved in the development of logistics solutions. |
Rob Bernard | Chief Sustainability Officer at CBRE | Person | Involved in sustainability and carbon-free energy strategies. |