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Acquisition
August 27, 2021
August 27th, 2021 - Conshohocken, PA – Seagis Property Group announced today that it has acquired a 12,300 square foot distribution facility located at 280 NW 12th Avenue in Pompano Beach, FL (Broward County).
The property is 2.5-acres and is fully leased. The acquisition increases the Company’s South Florida portfolio to 104 buildings totaling 5.5 million square feet. “We are excited to add this fully secured, low coverage property to our portfolio that is strategically located off I-95. The opportunity was additionally compelling due to the current parking and outside storage capabilities which provides us with long-term optionality”, said Bradlee Lord, Vice President, who is based out of Seagis’ local office in South Florida.
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.