Skanska Inks $220M Deal To Build Prudential Office Tower

Law360, New York (October 11, 2013, 2:21 PM EDT) -- Swedish construction giant Skanska AB has signed a $220 million contract to build an office tower for Prudential Financial Inc. in Newark, N.J., it said Friday.

The project, which Skanska announced in July, will feature a 20-story building with a total area of 730,000 square feet in addition to an adjoining parking garage and retail space on the ground level, according to a release. Skanska expects to complete the construction by early 2015 and aims to achieve gold-level LEED certification.

The project is being financed with the...
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