936 Harrison Ave. in Kearny — Courtesy: JLL
By Joshua Burd
Seagis Property Group has filled more than 211,000 square feet of new industrial space in Kearny after inking a lease with a growing ecommerce firm, according to brokers with JLL.
The tenant, which was undisclosed, will occupy the full building at 936 Harrison Ave. after relocating from another Seagis-owned property at 25 Amor Ave. in Carlstadt. That translates to a major expansion by the last-mile delivery company, which occupied 30,000 square feet in its previous space.
JLL vice chairmen Rob Kossar and David Knee, Executive Vice President Ignatius Armenia, Senior Vice President Ryan Milanaik, Vice President Doug Rodenstein and Executive Managing Director Chris Hile of the firm’s Northeast industrial team represented ownership in the transaction. Cushman & Wakefield’s Jimo Liu represented the tenant.
“We are excited that this facility will accommodate our existing customer’s needs as it continues to grow and expand as a company,” said Tyler Baker, senior vice president for leasing and investments for Seagis Property Group.
The deal follows the firm’s acquisition last year of the Kearny facility from Russo Development and River Development, which had just completed the 211,340-square-foot project, adding to Seagis’ vast portfolio in northern New Jersey. The property boasts a two-story glass office entrance, a brick façade, 38-foot ceiling heights, abundant parking for both cars and trailers and on-site security, the landlord said, adding that there are 41 loading docks and two acres of outdoor storage.
The property’s location just off Exit 15W of the New Jersey Turnpike allows for direct access to New York City via the Holland or Lincoln tunnels, JLL said. It’s also minutes from the Harrison PATH station, providing direct access to both Midtown and Lower Manhattan, and a short drive from Port Newark-Elizabeth and a labor pool of some 5 million people within a 10-mile radius.
“We are thrilled to close this deal at 936 Harrison Ave,” Kossar said. “This is a phenomenal outcome for all parties involved. Given its prime location, Class A status and high-quality specifications, the property is ideally suited for the tenant as it continues to grow its presence in the e-commerce last-mile delivery industry.”
Seagis buys new 211,000 sq. ft. Kearny warehouse in deal with Russo, River Development
