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Outer Boroughs NYC
September 12, 2019
September 12, 2019 - Conshohocken, PA – Seagis Property Group announced today that it has acquired a 75,500 square foot warehouse at 57-47 47th Street in the Maspeth submarket of Queens, NY.
The building, which features over an acre of secured yard, was acquired under a short-term lease back, and has since been re-tenanted to a new customer. Seagis also acquired a 25,840 SF warehouse at 124-134 Forrest Street in the Bushwick submarket of Brooklyn.The building features a 5,000 SF secured yard and is 100% occupied.
Collectively, Seagis now owns 54 buildings in the Outer Boroughs totaling approximately 1.2 million square feet.
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.