Sagard Real Estate, formerly known as EverWest Real Estate Investors, a leading real estate investment adviser, announced the successful acquisition of two significant industrial properties, located in Avenel in northern New Jersey, and Hanover, Maryland. These acquisitions mark a continued expansion of its strategic investments.
“Our recent acquisitions underscore our ongoing commitment to expanding Sagard Real Estate’s portfolio with high-quality industrial assets in strategically important markets,” John Maurer, senior managing director and head of equity for Sagard Real Estate, said. “By securing properties in key markets like New Jersey and Maryland, we are well-positioned to deliver strong, long-term returns for our investors.”
Situated on 4.3 acres, the New Jersey property, located at 80 Essex Ave. E. in Avenel, is an 80,468-square-foot industrial building positioned just 11 miles southwest of Port Newark and 24 miles from New York City. Acquired for $24.1 million, or $300 per square foot, Sagard plans to manage the rent roll and, upon tenant rollover, complete capital improvements before releasing at market rates. With property lines located within the highly sought-after Exit 12 submarket, this area is renowned for its excellent connectivity and strong appeal to national and regional distributors. Constructed in 1975 and renovated in 2022, the property is fully leased until October 2025.
The second property, located at 7314 Race Road in Hanover, Maryland, is a newly constructed, 130,389-square-foot industrial building on 12.4 acres.
These acquisitions demonstrate Sagard Real Estate’s ability to identify and secure high-quality industrial assets in strategically important markets. Both properties complement the firm’s growing portfolio and are expected to contribute to long-term value creation.
