Seagis Property Group, which owns and operates over 12 million square feet of industrial buildings in New Jersey, New York City and Florida, on Thursday said it acquired a 63,000-square-foot distribution facility in South Hackensack.
The acquisition increases the company’s New Jersey portfolio to 33 buildings totaling 5.2 million square feet.
Located at 41-51 James St., the building is within the Meadowlands submarket just north of Interstate 80 and was acquired 100% leased on a short-term basis.
“This highly functional building is a great add to our New Jersey portfolio,” said Brian Tozer, vice president with Seagis Property Group. “The location provides immediate access to Interstate 80 with accessibility to Manhattan in less than 30 minutes. Additionally, the building’s size and configuration offer optionality as a single- or two-tenant facility.”