Premier Rides, a Millersville amusement rides and attractions company, will build a 286-foot Ferris wheel at an expansive entertainment and retail complex in New Jersey. It's the biggest contract in the company's 13-year history.

The Pepsi Globe Observation Wheel will be the largest Ferris wheel in North and South America when it opens at the Meadowlands Xanadu complex in East Rutherford, N.J. The world's tallest wheel, at 541 feet, is in Singapore.

"It'll be a really stunning icon for the New York metropolitan area," said Jim Seay, president and owner of Premier Rides. "You'll be able to see it clearly from Manhattan for...