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September 18, 2017
September 18, 2017 - Conshohocken, PA – Seagis Property Group announced today that it has acquired three warehouse buildings in the East New York submarket of South Brooklyn.
The three properties were each acquired in a separate transaction and include: 931 Stanley Avenue, 22,000 square feet, 1010 Stanley Avenue, 42,500 square feet and 1970 Pitkin Avenue, 70,000 square feet. All three buildings were acquired vacant and are available for immediate lease. These acquisition complement Seagis’ existing NYC Boroughs holdings, consisting of 40 properties totaling 750,000 square feet adjacent JFK Airport.
“Seagis has had a meaningful presence in the Boroughs of New York City since 2006 and these acquisitions mark our first entry into the Brooklyn submarket. We are actively pursuing growth in the outer boroughs and anticipate additional investments in the very near term.” 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.