Seagis Property Group LP, a leading owner of industrial real estate, has appointed CBRE as the exclusive leasing agent for a 415,533-sq.-ft. industrial property currently under construction at 50 Central Avenue in Kearny, New Jersey. Currently, precast walls are being erected and the property is scheduled for completion in the first quarter of 2020.
The CBRE team of Thomas Monahan, Stephen D'Amato, Larry Schiffenhaus, Anastasia Lazarides, Lauren Griffith and Gerard Monahan will spearhead the leasing and marketing campaign on behalf of the developer.
“Seagis is one of the most respected owners of industrial real estate in the market with over 11 million sq. ft. of space, and a significant position in the New Jersey and New York City region,” said Mr. Monahan, Vice Chairman, CBRE. “We look forward to working closely with the Seagis team to market this new 40’ clear cross-docked warehouse facility in North Jersey.”
The property boasts a 40’ clear ceiling height, 88 dock doors, 4 drive-in doors, 261 car parking stalls, 150 trailer parking stalls, ESFR sprinklers and secured parking.
The site is located 2.2 miles from Exit 15E of the New Jersey Turnpike and just minutes to Ports Newark/Elizabeth and Newark Liberty International Airport. The industrial facility provides immediate access to New York City via the Holland and Lincoln Tunnels.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
