By Joshua Burd
Seagis Property Group has expanded its portfolio in northern New Jersey with the addition of four warehouses with a combined 274,000 square feet.
The industrial owner and developer on Tuesday announced the recent additions, which have all come since the start of 2019. The largest among them is 100 Frontage Road, a 180,000-square-foot property in Newark, followed by a 45,000-square-foot building at 400 County Ave. in Secaucus.
The new acquisitions also include 27 Engelhard Ave. in the Avenel section of Woodbridge and 360 Allwood Road in Clifton, which total 26,000 and 23,000 square feet, respectively. All told, Seagis now owns 32 buildings totaling 4.7 million square feet in northern New Jersey.
“We are pleased to announce the acquisition of these well-located assets which further enhance our presence in one of the most dynamic industrial markets in the country,” said Brian Tozer, a vice president with the Conshohocken, Pennsylvania-based firm.