Precast walls are currently 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 square feet of space, and a significant position in the New Jersey and New York City region,” said Monahan, vice chairman at CBRE.
The property boasts a 40-foot clear ceiling height, 88 dock doors, four 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 and Elizabeth and Newark Liberty International Airport. The industrial facility provides immediate access to New York City via the Holland and Lincoln Tunnels.