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New Jersey
March 1, 2023
March 1st, 2023 – Conshohocken, PA – Seagis Property Group announced today that its 178,200 square foot speculative development at 2013 McCarter Highway in Newark, New Jersey is 75% complete.
Project completion is scheduled for May 2023. The 40’ clear, fully secured warehouse facility features 37 dock doors, 128 auto parks and 42 trailer parking spaces. The building, located adjacent Route 21, provides immediate access to the entire New York City Metro area and is minutes away from Newark International Airport. “The City of Newark has been a great partner in our efforts to repurpose a blighted manufacturing facility into a new, state of the art distribution building,” said Omer Mir Ahmed, Partner, who is based out of the Company’s Meadowlands office. The project is being marketed for lease by the Colliers New Jersey team led by Noah Balanoff. More information can be found at http://2013mccarter.colliers.com
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.