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New Jersey
June 11, 2019
June 11, 2019 - Conshohocken, PA – Seagis Property Group announced today that it has acquired four Northern New Jersey warehouses since the start of 2019.
The fully leased properties were acquired in separate transactions and include 100 Frontage Road in Newark (180,000 SF), 400 County Avenue in Secaucus (45,000 SF), 27 Engelhard Avenue (26,000 SF) in Avenel, and 360 Allwood Road (23,000 SF) in Clifton. Seagis now owns 32 buildings totaling 4.7 million square feet throughout Northern New Jersey.
“We are pleased to announce the acquisition of these well-located assets which further enhance our presence in one of the most dynamic industrial markets in the country.” Brian Tozer, Vice President – 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.