Seagis Property Group LP has acquired a nearly 160,000-square-foot industrial building in Metuchen, with plans to upgrade the property with a multimillion-dollar investment.
Industrial
Owning or leasing industrial space in New Jersey means you’re within one day’s drive of one-third of the nation’s population. That means the state continues to be a hotbed of warehouse and logistics activity.
Inside the deal to create Newark’s ‘mini-Hollywood’ at new $125 million studio complex
Plans to build a $125 million television and film production studio in Newark’s South Ward are expected to help cement efforts to build a durable infrastructure for the industry in New Jersey. They’re also the culmination of decades of wishful thinking in the city and, more recently, years of complicated deal-making that involved some of state’s biggest players, including Gov. Phil Murphy, as part of an aggressive push to attract productions and studio operations.
