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In New Jersey, Successful Redeveloper of Historic Factories Pulls Away From Project

Modern Recycled Spaces Sells Former Ocean Spray Plant, Reduces Involvement to Consultant Role
Mill One, a former factory that at various times manufactured goods ranging from luggage to shirts, hosted a news conference by New Jersey Gov. Phil Murphy this week. (CoStar)
Mill One, a former factory that at various times manufactured goods ranging from luggage to shirts, hosted a news conference by New Jersey Gov. Phil Murphy this week. (CoStar)
CoStar News
February 11, 2021 | 8:27 P.M.

Modern Recycled Spaces, which reinvents historic factories as vibrant commercial properties, has seen one of the startup companies it incubated achieve great success. Bai Brands, which makes antioxidant beverages, ended up being acquired by Dr. Pepper Snapple Group for $1.7 billion in 2017.

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