Sagard Real Estate, formerly known as EverWest Real Estate Investors, announced it acquired a 47,000-square-foot, newly constructed warehouse in East Rutherford.
The warehouse, located at 390 Central Ave., is situated 11 miles from Midtown Manhattan and 14 miles from the Port of Newark.
“We are very pleased to acquire this state-of-the-art distribution warehouse in one of the most coveted industrial locations in the state. The property is 14 miles from Port Newark and 17 miles from Port Jersey, and is situated in the Meadowlands submarket, home to some of the largest national and regional distributors looking to service the port with excellent connectivity within the greater tri-state area,” John Maurer, senior managing director and head of equity, for Sagard Real Estate, said.
The fully occupied building includes 3,000 square feet of office space, parking for 41 vehicles and over 45,000 square feet of warehouse space. Fully leased by Restaurant Technologies, the commercial building will operate as the company’s northern New Jersey hub, serving over 80 fast food and fast casual restaurants around the northern New Jersey area.
