CHATHAM, NJ – Cassidy Turley, a leading commercial real estate services provider in the U.S., has completed the sale of 449 Blair Road in Avenel, NJ, on behalf of PNL Companies to Seagis Property Group LP. Doug Bansbach, Senior Vice President, and Robert Casagrande, Associate Vice President, represented both the buyer and seller in the transaction.
Cassidy Turley has been retained to market the remaining 22,000 square feet of available space for the 67,000-square-foot industrial building. Located one mile west of Exit 12 on the New Jersey Turnpike, 449 Blair Road is in close proximity to Routes 1 and 9. The leasable space features recent renovations such as a new roof and ESFR sprinkler system in addition to tailboard and drive-in loading.
“We were able to match the right buyer and the right seller for a great industrial property that is centrally located and features some recent upgrades, which are attractive to new tenants,” explains Mr. Bansbach. “We’re seeing a lot of activity and interest in this submarket since it is strategically located within major transportation centers and could be a great fit for a tenant looking for warehousing opportunity.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.
About Seagis Property Group LP
Seagis Property Group LP owns and operates 8.5 million square feet of industrial buildings in logistically driven locations along the Eastern Seaboard. Seagis is headquartered in suburban Philadelphia, with offices at One Tower Bridge, 100 Front Street, Suite 350, Conshohocken, PA 19428.