Conshohocken-based Seagis Property Group is spreading its footprint further into New York, reports Kevin Smith for the Philadelphia Business Journal.
The 10,000 square foot property is in Long Island. Seagis purchased the property for its great building-to-land ratio and proximity to Manhattan. The property was purchased for $5.9 million from Lagos Realty who owned the property since 2002.
”This acquisition perfectly aligns with out investment strategy to secure well-located, functional warehouses in targeted neighborhoods … throughout (New York City,)” said Seagis VP Brian Tozer.
This is the latest property in the New York area for the real estate firm, but first in Long Island, a neighborhood that is currently experiencing a residential boom.
Seagis also owns property in Queens, the Bronx, and South Hackensack, New Jersey. They own 61 properties in total in the New York area.
Read more about Conshohocken’s Seagis Property Group and their push into the New York City market at the Philadelphia Business Journal.
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