LONG ISLAND CITY, N.Y., Aug. 28, 2024 /PRNewswire/ — Seagis Component Staff (“Seagis”) introduced nowadays that it closed on a storehouse facility situated at 48-55 36th Side road in Lengthy Island Town, NY. The development totals 10,033 sq. toes and is located on a fifteen,000 SF parcel within the Lengthy Island Town submarket of Queens, NY. The component has speedy get admission to to Ny with its location ½ mile from the convergence of the Lengthy Island Freeway and the Brooklyn-Queens Freeway. Seagis bought the component from a personal proprietor. Tomas Shleiwet from Greiner-Maltz represented each Seagis and the vendor within the transaction.
“We are excited to add this Long Island City warehouse into our growing New York City Boroughs portfolio,” mentioned Brian Tozer, Vice President. “This location provides excellent accessibility into Manhattan while the property’s building to land ratio is ideal for the type of tenant demand that we see in the Boroughs. It offers a 10,033 SF single tenant building with 5,000 SF of secured off-street parking, which is a highly desired amenity, particularly in this location within Long Island City. This acquisition perfectly aligns with our investment strategy, to secure well-located, functional warehouses in targeted neighborhoods that are well suited for service and distribution throughout NYC. We continue to seek investment opportunities to further increase our portfolio concentration throughout the Boroughs.”
That is the Corporate’s first funding within the Lengthy Island Town submarket and expands the Corporate’s current Unused York Town Boroughs portfolio to at least one.3 million sq. toes throughout 61 homes.
For more info about this component, please touch Brian Tozer at [email protected]
About Seagis Component Staff
Seagis Component Staff is a privately held actual property proprietor centered at the acquisition and construction of commercial homes in international logistics hubs alongside the Japanese Seaboard. The corporate’s portfolio spans 12 million sq. toes of field and comprises 190 structures in Unused Jersey, Unused York Town, and South Florida. Seagis acquires core, value-add and construction actual property for storehouse/logistics worth. The corporate used to be based in 2005 and is headquartered in Conshohocken, Pennsylvania. For more info, seek advice from www.seagisproperty.com
SOURCE Seagis Component Staff LP
