By Joshua Burd
Sagard Real Estate has acquired more than 80,000 square feet of industrial space in Woodbridge for $24.1 million, in one of two newly announced deals by the investment advisory firm.
According to a news release, the property at 80 Essex Ave. East sits on 4.3 acres in the township’s Avenel section. The firm formerly known as EverWest Real Estate Investors said it plans to manage the rent roll and, upon tenant rollover in October 2025, complete renovations before releasing at market rates.
Sagard added that the 80,468-square-foot building, which was constructed in 1975 and renovated in 2022, is 11 miles southwest of Port Newark-Elizabeth and 24 miles from New York City. It also touted the asset’s location within the Exit 12 submarket off the New Jersey Turnpike.
The firm’s other new addition is a 130,389-square-foot industrial building on 12.4 acres at 7314 Race Road in Hanover, Maryland.
“Our recent acquisitions underscore our ongoing commitment to expanding Sagard Real Estate’s portfolio with high-quality industrial assets in strategically important markets,” said John Maurer, senior managing director and head of equity for Sagard Real Estate. “By securing properties in key markets like New Jersey and Maryland, we are well-positioned to deliver strong, long-term returns for our investors.”
