Seagis Property Group Acquires Industrial Complexes In Linden, New Jersey and Queens, New York
11/21/2016
With headquarters in the Philadelphia suburb of Conshohocken, Pennsylvania, Seagis owns and operates 10 million square feet of industrial buildings in logistically driven locations along the Eastern Seaboard.
The firm reported it acquired a 500,000 square foot warehouse complex on 23 acres in Linden. The Property is approximately 2.5 miles from Exit 13 of the New Jersey Turnpike, and 7 miles from the Port of Elizabeth. Seagis officials said it will undertake an extensive modernization of the complex, expected to be completed in Spring 2017.
Seagis Property Group also announced it has acquired 2 warehouse buildings totaling 60,000 square feet adjacent JFK International Airport in Queens. The properties complement Seagis' existing JFK holdings, now totaling 850,000 square feet and 45 buildings.
In October, Seagis acquired a 162,000 square foot warehouse and distribution facility at 59 Hook Road in Bayonne, New Jersey. The Building is located 2 miles from Global Container Terminal, and 10 miles from New York City. The property features 30 tailgate dock doors, rail service capability, and immediate access to the NJ Turnpike via Exit 14A. The Building is 100% leased.
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