Seagis Property Group, a privately held real estate owner and operator focused on the acquisition and development of industrial properties in global logistics hubs along the Eastern Seaboard, has fully leased a New Jersey warehouse facility in East Rutherford.
The property was fully renovated earlier this year and is located in the Meadowlands submarket with access to New York City, I-95, Route 3, Route 46, and Route 17.
Seagis has owned the 202,490-square-foot property, which previously operated as a manufacturing facility, since 2006. It features 16 docks, active rail to the building, 22- foot ceilings, and 84 car parking spaces, and houses a single tenant.
“We are pleased to complete the repositioning of this asset and welcome our new customer to the building,” Tyler Baker of Seagis Property Group said. “We were able to transform an old, Class B Meadowlands manufacturing facility, into a modern warehouse facility that is now fully leased to a local, logistics group with a long-term presence in New Jersey. Ultimately, this is a great outcome for the building and our customer.”
The company is currently working on a 167,000-square-foot speculative warehouse development in Teterboro.
Seagis Property Group is headquartered in Pennsylvania with offices in East Rutherford, N.J., next to JFK International Airport and Miami.