Sitex adds 100K sq.ft. warehouse in Carlstadt to portfolio

By Emily Bader
Carlstadt | Feb 5, 2019 at 7:10 am

Sitex Group announced Monday it has closed on more than $200 million worth of acquisitions in the past three months.

The firm said its most recent deal was 801 Washington Ave. in Carlstadt, a 100,000-square-foot warehouse sitting on approximately 5 acres.

The property has 21-foot ceilings, 10 loading docks and a large parking lot. It is within close access to New York City, the New Jersey Turnpike, Interstate 80, the George Washington Bridge and the Lincoln Tunnel.

Sitex said it acquired the property from an undisclosed owner. It is now vacant and ready to be leased.

“We’re excited to add 801 Washington Ave. to our growing portfolio of industrial real estate in New Jersey and New York.  We think the property’s size, location and features — namely its parking — will appeal to a wide audience,” Blake Chroman, principal, Sitex, said.

In addition to 801 Washington, Sitex said it recently added two warehouse/distribution centers, in Queens and Long Island City, to its portfolio.

Emily Bader | ebader@roi-nj.com | emilybader