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Acquisition
July 1, 2021
July 1, 2021 – Brooklyn, NY – Seagis Property Group announced today that it has acquired a 14,000 square foot industrial building located at 250 Johnson Avenue in the East Williamsburg neighborhood of Brooklyn.
Seagis purchased the property vacant and will be actively marketing the building for lease. This is Seagis’ sixth acquisition in Brooklyn and increases the Company’s portfolio in the Boroughs of New York City to 59 buildings totaling 1.2 million square feet.
“We are excited to add 250 Johnson Avenue to our outer Boroughs portfolio because of its irreplaceable location and highly functional building characteristics. The warehouse is located two blocks from the Montrose Avenue “L” train with immediate access to Manhattan. We continue to look to add buildings of similar quality to our portfolio” said Stefan Sansone, Director with Seagis Property Group based out of the company’s Brooklyn office.
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.