A multimillion-dollar tax credit from the state will help a Brooklyn, N.Y., publisher with the planned acquisition and renovation of an industrial building on Regina Avenue.

The New Jersey Economic Development Authority (EDA) last week awarded a 10-year, $8.25-million tax credit to Mesorah Publications, Ltd., according to a report in Real Estate NJ.

The publisher of Judaic books would acquire and renovate the facility, occupying about 130,000 of the total 256,000 square feet and possibly lease the remaining space.  Mesorah Publications also considered expanding its manufacturing to a site in Yonkers, N.Y., according to the EDA said, and is expected to bring 110 jobs. The EDA expects the project would have a net benefit to the state of $8.4 million over 20 years.

Founded in 1975, Mesorah is the largest publisher of its kind, according to Summit-based WRE Consulting, which advised on the transaction with ThinkForward Financial. Mesorah currently encompasses a publishing house, printing and binding, but the company is operating near capacity in its 100,000-square-foot facility in Brooklyn, which spans two buildings, according to Real Estate NJ.

The 12-acre property at 313 Regina Ave., just off New Brunswick Avenue and across from Brennan Field, last changed hands in 1991, acquired by Ninette Group, LP, for $3.7 million, according to property records. The site recently housed, at one time or another, manufacturer Swim N’ Play, Inc.; Kipling Office Services, a used office furniture store, and clothing store Yoshi Ware, Co.

Assessed for $3,383,700, the property generated taxes of $226,471 last year. The Class 4B industrial property was built in 1956.

Two years ago, the Swim N’ Play property on Regina Avenue was among six different areas of town under consideration for a potential redevelopment study. Opposition to studying the West Grand Avenue corridor essentially scuttled plans for any examination at the time.