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Acquisition
October 18, 2024
Seagis Property Group (“Seagis”) is proud to announce the acquisition of 936 Harrison Avenue a newly delivered, 211,287-square-foot warehouse in Kearny, NJ built by Russo Development and River Development. The building is 38′ clear with fully equipped loading, full-building circulation and a two-acre, fully paved drop lot for fleet and trailer parking. “This was a unique opportunity to purchase one of the best modern logistics buildings in northern New Jersey. The combination of the building’s immediate and direct access off the New Jersey Turnpike and its high-quality construction with an abundance of trailer parking made the opportunity unique.” said Tyler Baker, a vice president with Seagis. The property was delivered vacant and is currently being marketed for lease. For more information on the acquisition check out our article with Real Estate NJ
Seagis Property Group LP (“Seagis”)
Seagis Property Group LP (“Seagis”) is a privately held industrial real estate owner and investor focused on the acquisition and development of properties located in logistically driven markets along the Eastern Seaboard. The company’s current portfolio spans more than 13 million square feet of space in New Jersey, New York, and South Florida. Seagis acquires stabilized core, core-plus, value-add, and development real estate for logistics use. Since its inception in 2005, Seagis has successfully acquired and developed more than 14.3 million square feet of industrial space. Seagis is headquartered in Conshohocken, Pennsylvania, located in suburban Philadelphia.