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US (NJ): World’s largest indoor vertical farm

AeroFarms, RBH Group and its investment partners, Goldman Sachs Urban Investment Group, Prudential Financial Inc., together Prudential Financial, City of Newark, and NJEDA Partner to Redevelop with the City of Newark and the New Jersey Economic Development Authority (NJEDA), announce the closing of a $30 million project to redevelop a former industrial site in the Ironbound community of Newark, NJ into the world’s largest indoor vertical farm and global corporate headquarters for AeroFarms, the leading commercial grower for vertical farming and controlled agriculture.



AeroFarms is building a state-of-the art 69,000 square foot indoor vertical farm and global headquarters in a converted steel factory. When completed, AeroFarms will have the capacity to grow up to 2 million pounds per year of baby leafy greens and herbs in an environmentally controlled, safe, and sanitary facility. It will provide healthy foods to the local community as well as to other markets. AeroFarms is a model for successful, sustainable farming offering 75 times more productivity per square foot annually than a traditional field farm while using no pesticides and consuming over 95% less water.



Founded in 2004, AeroFarms® is a mission-driven company and environmental champion leading the way to address our global food crisis by building, owning, and operating throughout the world responsible farms that grow safe, nutritious, and delicious food, setting a new standard for culinary freshness and flavor.

David Rosenberg, CEO for AeroFarms, said, “We are excited to redefine not only the Garden State but also agriculture overall. Partnering with RBH, Goldman Sachs, Prudential, the City of Newark and NJEDA allows us to bring our global headquarters and the world’s largest indoor vertical farm close to where the consumer is, offering a fresher, more nutritious and delicious product while also creating jobs in the community. We are also happy to build on our deep ties within the Newark community over the last 4 years, where we have had one of our working farms in the cafeteria of Philips Academy Charter School, offering the shortest farm to table experience around for the students.”

For more information:
Marc Oshima
AeroFarms
Tel: +1 917-673-4602
marcoshima@aerofarms.com
www.AeroFarms.com