West Conshohocken, PA, October 12, 2007 – Seagis Property Group announced today that it has acquired an 83,000 square foot industrial facility for $5.3 million in Carlstadt, New Jersey. The building, located at 109 Kero Road, , is currently vacant and is available for lease through Chaus Realty of Hasbrouck Heights, New Jersey. The acquisition increases Seagis’ holdings to 78 buildings, totaling 6.2 million square feet.
Seagis Property Group LP owns and operates industrial buildings in logistically driven locations along the Eastern Seaboard. Seagis is headquartered in suburban Philadelphia, with offices at One Tower Bridge, 100 Front Street, Suite 1370, West Conshohocken, PA 19428.
Company Contact:
Charles C. Lee, Jr., Principal
Seagis Property Group LP
Tel: 484.530.9135
clee (at) seagisproperty (dot) com
www.seagisproperty.com
Investment Contact:
John B. Begier, Principal
Seagis Property Group LP
Tel: 484.530.9134
jbegier (at) seagisproperty (dot) com
www.seagisproperty.com
