{"id":1004163619,"date":"2017-01-10T06:24:20","date_gmt":"2017-01-10T14:24:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004163619"},"modified":"2022-12-08T16:05:41","modified_gmt":"2022-12-09T00:05:41","slug":"cushman-wakefield-arranges-sale-of-504ksf-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-504ksf-industrial-asset\/","title":{"rendered":"Cushman &amp; Wakefield Arranges Sale of 504KSF Industrial Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004163624\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/340-Stiles-Street-in-Linden.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004163624\" data-attachment-id=\"1004163624\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-arranges-sale-of-504ksf-industrial-asset\/340-stiles-street-in-linden\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/340-Stiles-Street-in-Linden.png\" data-orig-size=\"726,322\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"340 Stiles Street in Linden\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/340-Stiles-Street-in-Linden.png?w=726\" loading=\"lazy\" class=\"wp-image-1004163624 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/340-Stiles-Street-in-Linden.png\" alt=\"340 Stiles Street in Linden, N.J.\" width=\"300\" height=\"133\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/340-Stiles-Street-in-Linden.png 726w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/340-Stiles-Street-in-Linden.png?resize=300,133 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004163624\" class=\"wp-caption-text\">340 Stiles St., Linden, N.J.<\/p><\/div>\n<p><strong>Linden, N.J<\/strong>.\u2014Cushman &amp; Wakefield has arranged the sale of 340 Stiles St., in Linden, which traded from 500 West Edgar LLC to Seagis Property Group. Chuck Fern represented the seller and procured the buyer for the 504,000-square-foot industrial building. Seagis also brought on Fern&#8217;s\u00a0team as leasing agent.<\/p>\n<p>Located on Route 1\/9, the property offers potential rail access, is just a 10-minute ride from the port and the Goethals Bridge and a 20-minute ride from the Verranzano-Narrows Bridge. The new ownership has commenced a multi-million-dollar renovation of the building, which is scheduled for completion in spring 2017.<\/p>\n<p>Renovating plans include new roofing, entrances, building facades and windows, modernization of the building\u2019s 98 loading doors and five drive-in dock doors, as well as the installation of T5 lighting. Seagis will regrade and pave nearly 13 acres of parking, creating abundant new trailer and automobile parking spaces, and upgrade the landscaping and fencing throughout the site. The Property has CSX rail service, which can be reactivated for a specific user.<\/p>\n<p>\u201cAt completion, 340 Stiles Street will be elevated to a truly Class A facility\u2026given the property\u2019s outstanding location, we anticipate strong interest and a fast lease-up by users seeking quality accommodations close to Port Newark-Elizabeth and major regional thoroughfares,\u201d Fern, said in a statement.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new ownership has commenced a multi-million-dollar renovation of 340 Stiles St., in Linden, N.J., scheduled for completion in spring 2017.<\/p>\n","protected":false},"author":436,"featured_media":1004163624,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,21783,21742,10],"tags":[33402],"class_list":["post-1004163619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-investment","category-latest","category-northeast","tag-seagis-property-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cushman &amp; 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