By Joshua Burd
Seagis Property Group has added to its New Jersey portfolio with the acquisition of a 93,000-square-foot warehouse in Carteret.
The firm on Wednesday announced the addition of 1001 Roosevelt Ave., touting its location 10 miles from Newark Liberty International Airport and Port Newark-Elizabeth. The deal brings its holdings in northern New Jersey to 28 buildings totaling 4.4 million square feet.
Terms were not disclosed.
“This multitenant facility fronts the New Jersey Turnpike with immediate access to the Exit 12 interchange,” said Brian Tozer, a vice president with Seagis. “It has an excellent niche in the North Jersey market place and we are excited to add it to our portfolio.”
Seagis is based in suburban Philadelphia in Conshohocken, Pennsylvania.
