Seagis Property Group Acquires 211287 Square Foot Warehouse In Kearny From Russo Development And River Development

The property involved in this transaction is a 211,287-square-foot industrial warehouse located at 936 Harrison Avenue in Kearny, NJ, situated on 17 acres of land. The warehouse features a 38-foot clear height and includes a two-acre drop lot for efficient operations.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Undisclosed
• Buyer: Seagis Property Group
• Seller: Russo Development & River Development
• Brokers: Gary Gabriel, Kyle Schmidt, Ryan Larkin & Seth Zuidema - Cushman & Wakefield

Cushman & Wakefield facilitated the transaction, representing Russo Development and River Development in the sale to Seagis Property Group. The brokerage played a key role in negotiating the terms of the deal, contributing to the smooth transfer of the property.