Sagard Real Estate Acquires 47,000 Square Foot Newly Constructed Warehouse in New Jersey's East Rutherford
Sagard Real Estate, formerly known as EverWest Real Estate Investors, a leading real estate investment advisor, today has announced the successful acquisition of a 47,000 square foot newly constructed warehouse in East Rutherford, New Jersey. The warehouse, located at 390 Central Ave in East Rutherford, NJ is located 11 miles from midtown Manhattan and 14 miles from the Port of Newark.
"We are very pleased to acquire this state-of-the-art distribution warehouse in one of the most coveted industrial locations in the state. The property is 14 miles from Port Newark, and 17 miles from Port Jersey, and is situated in the Meadowlands submarket, home to some of the largest national and regional distributors looking to service the port with excellent connectivity within the greater tri-state area," stated John Maurer, Senior Managing Director, Head of Equity, for Sagard Real Estate.
The fully occupied building includes 3,000 square feet of office space, parking for 41 vehicles, and over 45,000 square feet of warehouse space. Fully leased by Restaurant Technologies, the commercial building will operate as the company's Northern New Jersey Hub, serving over 80 fast food and fast casual restaurants around the Northern New Jersey area.
Consistent with the firm's strategy of acquiring high-demand assets in well-connected and sought-after locations, this acquisition follows Sagard Real Estate's successful track record, including the recent purchase of 135 Maddox Road in Nashville.
About Sagard Real Estate
Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. With $5 billion in assets under management, our clients invest in a variety of commercial real estate investment strategies through separate accounts and commingled funds. Sagard Real Estate is based in Denver with regional investment offices in New York City, Charlotte, Austin, Los Angeles and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. Sagard's leading shareholder is Power Corporation of Canada, an international management and holding company that focuses on financial services in North America, Europe and Asia. For more information, visit www.Sagard.com/RealEstate.
About Sagard
Sagard is a multi-strategy alternative asset management firm with more than US$15B under management, 125 portfolio companies, and 300 professionals. We invest in venture capital, private equity, private credit, real estate, and royalties. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. The firm has offices in Canada, the United States and Europe. For more information, visit www.sagard.com.
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