By Tina Traster
Seagis Property Group has acquired a 63,000-square-foot distribution facility at 41-51 James St. in South Hackensack.
The building, located within the Meadowlands submarket just north of Interstate 80, was acquired 100 percent leased on a short-term basis. The acquisition increases the company’s New Jersey portfolio to 33 buildings, which total 5.2 million square feet.
“This highly functional building is a great add to our New Jersey portfolio,” said Brian Tozer, vice president with Seagis Property Group. “The location provides immediate access to Interstate 80 with accessibility to Manhattan in less than 30 minutes. Additionally, the building’s size and configuration offer optionality as a single- or two-tenant facility.”
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.