Seagis boosts New York industrial holdings
Picks up 27 buildings near JFK Airport
By Inman News, Monday, March 20, 2006.Seagis Property Group today announced it has acquired a 500,000-square-foot, 27-building portfolio adjacent to JFK International Airport in Jamaica, N.Y.
The value of the transaction was $58 million.
The properties include 26 industrial buildings, adjoining land parcels and one office building located in the Springfield Gardens submarket. The seller is a consortium of private investors.
The buildings were approximately 90 percent leased to more than 100 tenants, primarily involved in the air freight and customs brokerage industry.
Philadelphia-based Seagis Property Group LP owns and operates industrial buildings in locations along the Eastern Seaboard.
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