Seagis Property Group Acquires a 35,000 Square Foot, Vacant Building in Edison, New Jersey

Seagis Property Group announced today the acquisition of 400 McGaw Drive located in Edison, New Jersey. The vacant +/-35,000 square foot cross-docked warehouse and distribution facility is situated on 3.1 acres and is located at Exit 10 immediately off the New Jersey Turnpike. The property benefits from a premier position within Raritan Center and its cross-dock configuration and above-standard dock door count make it highly appealing and functional for today's users. Seagis plans to undertake an extensive renovation program to modernize the building and upon completion, Seagis intends to market the property for lease. "We are excited to expand our growing New Jersey portfolio with another well-located asset. We look forward to completing our repositioning plan to modernize the property and align it with current market demands. We appreciate the support of our brokerage partners in getting this transaction done," said Tyler Baker of Seagis Property Group. Scott Belfer of CBRE facilitated the sale of this property.