CBRE announced on Thursday the sale of FXG Jersey City, a 315,389-square-foot industrial complex in Jersey City.
Built in 20176, the property at 1049 Secaucus Road sits on 44 acres and was acquired by CenterPoint Properties and is fully leased to FexEx Ground Package Systems Inc. from Scannell Properties.
CBRE National Partners’ Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki headed the marketing campaign and negotiated the sale for Scannell.
“FXG Jersey City is an irreplaceable asset located in one of the most desirable industrial and commercial areas in Northern New Jersey,” Fiurama, vice chairman, CBRE, said. “The industrial market in New Jersey remains very robust with extremely strong demand and an availability rate of just 3.63 percent, making this acquisition a great investment with the potential of continued increases in value.”
FXG Jersey City has parking for 774 cars, six drive ins and trailer parking. It is also within close access to Interstate 95, New York City and Newark International Airport.