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Nexus Parking Systems and its affiliates began their involvement in the commercial parking business in 1986 by financing, designing and constructing the 1,656-space Station Plaza Parking Garage in Trenton, New Jersey. It was the first of three owned multi-level parking facilities for Nexus and is the anchor to the renowned Station Plaza Office Complex. The facility's primary operation is to provide parking for the Station Plaza Office Complex, but it is also adjacent to the Trenton Transit Center and utilized by NJ TRANSIT, AMTRAK and SEPTA customers. Currently, Nexus still owns and operates this facility and is very successful. We also, own and operate several surface parking lots in the surrounding Trenton area which total approximately 400 spaces.
In 1993, Nexus successfully financed, designed, and constructed our second multi-level parking structure in Trenton. This opportunity was unique because it was our first construction/management agreement between New Jersey Transit (NJT) in which Nexus and NJT share ownership. The Trenton Park and Ride garage consists of 1,813 spaces and the land on which the facility resides on is owned by NJT.
In 1999, Nexus broadened our parking operations by expanding outside of Trenton and received the parking management contract for the 1,626-space New Jersey Transit Hamilton Train Station surface lot. This location has proven to be one of most successful and the fastest growing train stations for NJT on the Northeast Corridor. In 1992 Nexus assisted NJT in the expansion of the facility which increased the facility to 1,926 spaces. This increase was required due to the growth at the Hamilton facility.
The next three years Nexus continued growth as a parking management company and were awarded three additional contracts that combined for an additional 4,700 spaces. The parking facilities consisted of the 3,536-space facility at the New Jersey Transic Metropark Station, a 467-space surface lot at the New Jersey Transit Union Train Station and a 658-space facility at the Lafayette Yard Parking Deck/Marriott Hotel under contract with the Trenton Parking Authority (TPA). The management contract at the Lafayette Yard Parking Deck-Marriott Hotel was unique for Nexus because it was our first introduction into “Hotel” parking which was different than Nexus’s typical parking operations at mass transit commuting locations.
In 2007, Nexus successfully financed, designed and constructed our third multi-level parking structure at the Hamilton Station. This opportunity is regarded as Nexus’s most successful project because it involved many business elements and trade aspects in which Nexus performed all under one company. The elements consisted of construction, financing, interim or alternative parking, and parking management of the surface lot in preparation of new facilities operation. The new Hamilton Station Park & Ride multi-level deck consists of 2,066 spaces and has a business arrangement and structure like the Trenton Park & Ride facility.
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