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Outer Boroughs NYC
January 9, 2018
January 9, 2018 - Conshohocken, PA – Seagis Property Group announced today that it has acquired a 79,920 square foot warehouse at 5700 49th Place in the Maspeth Submarket of Queens, NY.
The building, which features 28’ clear ceilings, 9 covered loading positions, and 3 exterior loading positions, is approximately 1 mile from the Brooklyn-Queens Expressway (I-278) and provides ready access to Manhattan via the Williamsburg Bridge and Queens-Midtown Tunnel. The entire Building will be available for lease in 1Q18, following the completion of a comprehensive rehabilitation program. Seagis was introduced to the opportunity by DY Realty Services, who will also be listing the property for lease.
“Seagis now owns 46 buildings in the Outer Boroughs totaling approximately 1 million square feet. We are encouraged by the success of our New York Metro portfolio, and look forward to continued growth in this dynamic marketplace.” Omer Mir Ahmed, Principal – Seagis Property Group.
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.