Kenvue is due to cease operations at the site — link to this entry
The township attorney told the Township Committee on September 17, 2026 that Kenvue will cease operations at 199 Grandview Road by the end of the year; Mayor Neena Singh said the township expects a resulting gap of roughly $1.4 million a year in tax revenue, with the owners' appeal of the Lot 2 assessment already pending in the Tax Court.
Kenvue’s departure has been in progress since 2024, but the operational end date matters on its own, and it is the reason the township leaned on hardest when it defended acting rather than waiting.
The township attorney said operations at the site end by the close of 2026. Mayor Singh put the numbers on the record the same night: a roughly $1.4 million annual gap in tax revenue, and E. Kahn Development signalling a tax appeal. That was not a surprise from nowhere. The developer’s own presenter told the Planning Board in September 2025 that the property was assessed at $41.6 million, was Montgomery’s second-largest tax generator, was over-assessed by more than 60 percent in his view, and that “a tax appeal will be coming,” which he estimated at a short-term reduction of $700,000 to $800,000 a year. It had in fact been filed months before the Committee met: the New Jersey Tax Court docketed an appeal of Lot 2’s 2026 assessment, in the four LLCs’ abbreviated names, on February 27, 2026 (docket 2026001145), and it was still open on October 23, 2026. The $1.4 million is about the whole annual tax bill on Lot 2, most of it school and county tax; see what the $1.4 million is.
Kenvue has been a tenant since the sale. Its quarterly SEC filings for 2026 report a separate cost line headed “Skillman sale-leaseback,” which is the lease that ends with operations.
This is the fiscal case the township made from the dais — the resolution itself recites only the statutory criteria, and the dais confirmed the same night that the study was the developer’s request — and it deserves to be stated as the township states it. A large ratable going quiet is a real municipal problem whatever one thinks of the remedy. It is also worth keeping in proportion: the appeal turns on what the property is worth, and the argument the presenter made for that was a use argument — a 1970s single-tenant office campus, he said, now trades at land value minus demolition. A redevelopment designation does not by itself replace a dollar of revenue either.
Watch this moment Township Committee video, 1:53:20 (opens in a new tab) Meeting record Township Committee — September 17, 2026