Holt Logistics Corp., which services terminals in the Ports of Philadelphia, appears set to add about 10 acres of borough property along Riverview Avenue adjacent to its shipping facility in Paulsboro.
The Borough Council recently approved selling the properties for $1.8 million to Boro Redevelopment Partners, a corporation buying the land for Holt. Since early 2022, Holt separately has bought at least 10 other small properties along Riverview Avenue, spending about $2.8 million in the process.
The sale requires the company to agree to a redevelopment agreement with the borough that will govern what happens on the land. And the borough still must satisfy a demand from Holt to change the area’s residential zoning to a manufacturing zone or something similar.
Holt, which has headquarters in Gloucester City. Its Paulsboro Marine Terminal encompasses 190 acres, with three berths.