PSEG has sold a former coal plant in Hamilton Township to a Chicago-based developer, which plans to redevelop the 132-acre site into a modern industrial park. The Mercer Generating Station, located on Lamberton Road, was retired in June, 2017.
The purchaser, Hilco Redevelopment Partners, also acquired a 241-acre site in Jersey City. The company has previously redeveloped coal plants in Boston and Chicago. Terms of the deal were not disclosed. Redevelopment work, including any remediation necessary, is expected to take 18 to 24 months. Hilco plans to turn the site into a warehouse-distribution center.