Seagis Property Group Acquires Property In Moonachie With Buyer's Rep Christopher Koeck Of Newmark

Seagis Property Group has acquired two vacant industrial buildings located at 1 Graphic Pl, Moonachie, NJ, 07074. The total square footage of the properties is over 19,000 square feet, consisting of 9,660 square feet and 9,636 square feet individually. These buildings will be upgraded and marketed for lease following the acquisition from Corporate Jet Support, the former occupant in the Meadowlands submarket.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Address: 1 Graphic Pl, Moonachie, NJ, 07074
• Market: Moonachie
• Buyer: Seagis Property Group
• Seller: Undisclosed
• Buyer's Representative: Christopher "Chris" Koeck-Newmark
• Square Footage: 19,000

Newmark Managing Director Chris Koeck represented both Seagis Property Group and the undisclosed seller in this transaction. Seagis has completed a total of 12 acquisitions in the Meadowlands submarket, contributing to a regional portfolio of 7 million square feet across 150 logistics properties. Tyler Baker, a vice president with Seagis, highlighted that the acquisition aligns with their investment strategy focused on securing functional warehouses in key locations.