Seagis Property Group Acquires 20,000 Square Foot Industrial Building in North Jersey

The building totals 19,974 square feet, features 16′ clear ceiling heights, and is situated on +/- 1.0 acres in the Gotham Industrial Park, located within the Meadowlands submarket of Northern New Jersey.

 The property has excellent access to the New Jersey Turnpike and close connectivity to Manhattan and Port Newark.  Acquired vacant, Seagis plans to upgrade the property and market it for lease.

Seagis purchased the property from a private owner. Tom Nuara, Principal, from Resource Realty represented Seagis and the seller in this transaction.

“We are pleased to add another well-located building to our growing Meadowlands portfolio,” said Tyler Baker, Vice President, who is based out of Seagis’ local office in Northern New Jersey. “This property works well within the local market, offering tenants a stand-alone 20,000 square foot building with three loading docks with less than 10% office. Immediately upon closing, we plan to invest a significant amount of capital to reposition the building. This opportunity perfectly aligns with our investment strategy, and we continue to seek out opportunities to invest in this submarket.”

This is the Company’s fourteenth investment in the Meadowlands submarket, where its portfolio now totals 1.36 million square feet and expands its overall NJ portfolio to over 5.7 million square feet and forty logistics properties.

For more information about this property, please contact Tyler Baker at tbaker@seagisproperty.com