Pennsylvania-based, privately held real estate owner and operator Seagis Property Group (“Seagis”) recently announced that its East Rutherford, N.J., industrial property has been fully leased to a new tenant.
Located at 13 Manor Road, the property incorporates more than 200,000 square feet of New Jersey warehouse space that was recently repositioned to meet the highest standards on the market. Originally completed in 1960, the building underwent a renovation program that concluded in Q1 2024.
Acquired by Seagis in 2006 for nearly $13 million, the property previously operated as a manufacturing facility. Located in the highly desirable Meadowlands submarket, 13 Manor Road offers superior access to New York City and is well-connected to the wider region through roadways such as Interstate 95, as well as routes 3, 46, and 17.
Notable property advantages include: active rail to the building; more than 80 grade-level car parking spaces; 16 docks; 6″-thick floors; and 22’ clear height. Interior features also include: climate control; sky lights; a mezzanine level; insulated ceilings; three Phase 277/480-volt electricity service; 40’x40’ column spacing; and a wet fire sprinkler system.
“We are pleased to complete the repositioning of this asset and welcome our new customer to the building,” said Tyler Baker of Seagis Property Group. “We were able to transform an old, Class B Meadowlands manufacturing facility into a modern warehouse facility that is now fully leased to a local logistics group with a long-term presence in New Jersey. Ultimately, this is a great outcome for the building and for our customer.”
Seagis’ activity in the region also includes a recent acquisition in Carlstadt, N.J., as well as a new development in Teterboro, N.J.:
- Marking its 14th investment in the Meadowlands submarket, the company recently purchased a warehouse facility located at 333 Veterans Blvd. that incorporates nearly 20,000 square feet of industrial real estate space in Carlstadt. Seagis plans to upgrade the currently vacant property and make the most of its close connectivity to the New Jersey Turnpike, Manhattan and Port of Newark.
- Work is also well underway at 200 Hollister Road in Teterboro, N.J., where Seagis plans to deliver nearly 170,000 square feet of new industrial space to the market. According to CommercialEdge Research data, completion for this project is expected in Q1 2025.
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