Business & Finance

Mars Wrigley awarded $31 million to open offices in Newark Ironside building

4ea60920d02b98925e63_ironsidem-m1200x628.jpg
The EDA approved a 10-year, $31.5 million Grow New Jersey grant application put forth by Mars Wrigley on Tuesday. The chocolate and candy giant has plans to move into the Ironside Newark building.

A 10-year, $31.5 million Grow New Jersey grant application put forth by Mars Wrigley Confectionary US LLC was approved Tuesday by the state Economic Development Authority.

The chocolate and candy giant has plans to move offices into the Ironside Newark building, a seven-story, mixed-use project owned by Edison Properties and slated to open next year.

Capital investment in the 110,000 square-ft. Newark office space is an estimated $42 million, with offices to be leased for 15 years with one 10-year renewal option.

Sign Up for E-News

Because Grow New Jersey is a performance-based program, Mars Wrigley will receive benefits when commitments on which their approval was based have been met, including job creation and retention and capital investment.

The company is evaluating expanding its presence in either New Jersey or Illinois, as both locations are currently home to regional headquarters.

If Mars Wrigley elects Newark as its regional hub, some 483 employees will be located on site, with 113 new jobs created and 370 jobs relocated from Hackettstown.

In addition, the company will be creating a regional operations hub at its existing Hackettstown facility and is considering an additional investment of $52 million at that location.

The Ironside Newark building is part of the city's Mulberry Commons project, which broke ground last month.

The $10 million, 22-acre open space development--a private/public project that will connect the Prudential Center to Penn Station--is expected to open up large areas of undeveloped land to residential and office development.

Mars, which merged with Wrigley in 2016, has its global headquarters in Chicago and operates in more than 70 countries.

Mars Wrigley Confectionery includes some of the company’s best-known brands including Snickers, M&M’s, Dove, Lifesavers and Starburst.

The company's application cited Newark as an urban transit hub, with the project bringing in transit-oriented development and new jobs with salaries in excess of the county average.

Mars first factory was located at 285 Badger Avenue in Clinton Hill. When it outgrew that space, the company moved to 200 North 12th Street, where it was located until 1958, when it moved production to Hackettstown.

The company joins a growing number of major corporations who have moved to Newark in the last several years, such as Panasonic and Audible, which are all hoping to take part in the city's renaissance.

Last month Newark was chosen as Governor Chris Christie's top pick for Amazon's second global headquarters.

The online retail giant announced its solicitation of North American regions earlier this year in a highly-competitive selection process for its second corporate headquarters, with Newark winning out over more than 20 competing New Jersey municipalities.

The opportunity could bring 50,000 jobs and billions of dollars of private investment to the state.

 

 

 

 

 

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Newark

New 10-story building coming to Halsey Street

December 22, 2017

A new mixed-use project will soon be coming to Newark's Central Ward.

New York-based HC Owners Urban Renewal LLC was granted approval by the Central Planning Board Thursday to go forward with Halsey Central, a 10-story mixed-use building with retail and commercial space, along with 71 residential units on the upper floors.

The project, which is situated at the corner of ...

City economic development agency paid Baraka confidants $100,000

January 12, 2018

Newark, NJ--The Newark Community Economic Development Corporation (NCEDC) paid more than $100,000 to the consulting firm owned by Kiburi Tucker and Linda Jumah, who have both pleaded guilty federal charges of tax evasion.

NCEDC's one-year contract with Elite Strategies shows the firm billed the city's economic development agency $6,000 for 24 hours of "executive ...

Essex County Turtle Back Zoo Welcomes 907,522 Visitors in 2017

January 8, 2018

The Essex County Turtle Back Zoo finished 2017 with an all-time record attendance of 907,522, marking the first time that attendance has eclipsed the 900,000 mark. It was also the 13th-consecutive year that a new annual attendance record was established.

Essex County Executive Joseph N. DiVincenzo, Jr. said the large turnout of visitors each year shows how popular the zoo has ...

A White Christmas is possible

December 22, 2017

The National Weather Service is currently predicting that there is 60 percent chance of snow for Christmas in the Newark area.

According to early Friday morning projections, Northern New Jersey will see rain later today and into Saturday, Sunday will be clear during the day with snow likely after 9 p.m. 

At this time snow accumulations are predicted to be from 1 to 2 inches. Snow ...

Proposed Medicaid Cuts Threaten Families

January 9, 2018

Dear Editor,

Medicaid – the safety next for millions of Americans – continues to be under attack.

Whether debating healthcare legislation, tax reform or deficit reduction, lawmakers see Medicaid as some magic source of ready-made cost savings. Many don’t seem to understand how intertwined Medicaid is within society; a lifeline for so many families – like mine.

I ...

Where are the women of color in the #MeToo Movement?

January 8, 2018

As one of only two women on the City Council in Newark, I have been following the growing #MeToo movement with great interest. 

I am thrilled that so many women finally feel comfortable enough to come forward and tell their story of sexual harassment and abuse at the hands of powerful men.

At the same time, I am also disheartened that so few of those coming forward have been women of ...