{"id":1004817171,"date":"2026-10-30T02:11:16","date_gmt":"2026-10-30T10:11:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004817171"},"modified":"2026-10-30T02:12:05","modified_gmt":"2026-10-30T10:12:05","slug":"exclusive-seagis-lands-200m-for-amazon-new-jersey-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/exclusive-seagis-lands-200m-for-amazon-new-jersey-facility\/","title":{"rendered":"Exclusive: Seagis Lands $200M for Amazon New Jersey Facility"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/758153-e1793347650493.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004817183\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/exclusive-seagis-lands-200m-for-amazon-new-jersey-facility\/attachment\/758153\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/758153-e1793347650493.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" 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;\\u00a9 Yardi Systems, Inc.&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=\"758153\" data-image-description=\"&lt;p&gt;Image sourced from Yardi Matrix&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The building at at 2170 Lincoln Highway includes 40-foot clear heights, 122 dock-high doors and ample car and trailer parking space.  Image courtesy of Yardi Matrix&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/758153-e1793347650493.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/758153-e1793347650493.jpg\" alt=\"Exterior image of an industrial building leased by Amazon at 2170 Lincoln Highway, in Edison, N.J.\" class=\"wp-image-1004817183\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/758153-e1793347650493.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/10\/758153-e1793347650493.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The building at at 2170 Lincoln Highway has 40-foot clear heights and 122 dock-high doors. <em>Image courtesy of Yardi Matrix<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Seagis Property Group has received a $200 million loan for a 923,000-square-foot industrial facility in Edison, N.J., according to Yardi Matrix information. Northwestern Mutual issued the 10-year note.<\/p>\n\n\n\n<p>Amazon fully occupies the property, which serves as one of its fulfillment centers.<\/p>\n\n\n\n<p>The 2017-built warehouse occupies a 50-acre site at 2170 Lincoln Highway. The location is close to Interstate 287 and its interchange with State Route 1, an area serving as a critical logistics hub, allowing access throughout the New York Tri-State area. Newark Liberty International Airport and Port Newark-Elizabeth are some 22 miles away.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/new-jersey-industrial-market-update\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/new-jersey-industrial-market-update\/\">New Jersey Industrial Development Picks Up the Pace<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Seagis broke ground on the property known as Seagis Gateway 10 in 2016. At the time, it was Northern New Jersey&#8217;s largest industrial spec project. The building features 40-foot clear heights, 122 dock-high doors, four grade-level doors, ESFR sprinkler systems and a two-level office component. The property also includes 371 trailer and 356 car parking spaces.<\/p>\n\n\n\n<p>Amazon leased the facility in 2017, as part of an expansion move involving 3 million square feet across New Jersey, <a href=\"https:\/\/re-nj.com\/with-new-locations-amazon-growing-n-j-presence-by-nearly-3-million-sq-ft\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">according to <em>Real Estate NJ<\/em>.<\/a> The other two locations include a 950,000-square-foot facility at 343 Cranbury Half Acre Road in Cranbury and a 1 million-square-foot warehouse at 2651 Oldmans Creek Road in Logan Township.<\/p>\n\n\n\n<p>Amazon recently <a href=\"https:\/\/www.commercialsearch.com\/news\/what-amazons-supply-chain-push-means-for-industrial\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/what-amazons-supply-chain-push-means-for-industrial\/\">launched Amazon Supply Chain Services<\/a>, a platform that gives companies access to its freight, warehousing, fulfillment and delivery network. The platfom could reinforce demand for highly functional, well-located assets in logistics hubs such as Northern New Jersey.<\/p>\n\n\n\n<p>Seagis&#8217; industrial footprint in the Garden State currently exceeds 6 million square feet, Yardi Matrix also shows. Most of the company&#8217;s local portfolio includes Class B properties in the Cranford &#8211; Union and Lyndhurst submarkets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-jersey-s-2026-performance-maintains-momentum\">New Jersey&#8217;s 2026 performance maintains momentum<\/h2>\n\n\n\n<p>New Jersey is keeping its position as a top industrial market, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-industrial-market-moves-closer-to-balance\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/industrial-report-industrial-market-moves-closer-to-balance\/\">Yardi Matrix industrial report<\/a>. Despite experiencing a wave of post-pandemic <a href=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/top-markets-for-industrial-deliveries\/\">industrial completions<\/a> and a contracting pipeline, the state&#8217;s development activity picked up pace again, as 8.5 million square feet were underway as of August. <\/p>\n\n\n\n<p>Meanwhile, investment activity remained elevated, with the sales volume totaling $2.1 billion in the first eight months of the year. New Jersey&#8217;s industrial assets sold for $182 per square foot on average, well above the $138 national figure. Pricing outperformed Dallas ($118 per square foot) and Kansas City ($97 per square foot), among other similar markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-recent-deals-highlight-new-jersey-s-industrial-strength\">Recent deals highlight New Jersey&#8217;s industrial strength<\/h2>\n\n\n\n<p>Notable 2026 transactions include EQT Real Estate\u2019s purchase of a 2 million-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/eqt-acquires-2-msf-logistics-portfolio-in-southern-new-jersey\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/eqt-acquires-2-msf-logistics-portfolio-in-southern-new-jersey\/\">industrial collection in Southern New Jersey<\/a>. An affiliate of New York Life Investment Management sold the portfolio in March.<\/p>\n\n\n\n<p>EQT had made another purchase earlier that month. The company picked up a 4.4 million-square-foot collection with assets spanning 25 states, including New Jersey. <a href=\"https:\/\/www.commercialsearch.com\/news\/mapletree-sells-industrial-portfolio-for-575m\/\" data-type=\"link\" data-id=\"https:\/\/www.commercialsearch.com\/news\/mapletree-sells-industrial-portfolio-for-575m\/\">Mapletree Investments sold the collection for $575 million<\/a> in its fourth U.S. divestment at the time.<\/p>\n\n\n\n<p>More recently, a major industrial financing deal closed in Central New Jersey. <a href=\"https:\/\/www.commercialsearch.com\/news\/new-jersey-industrial-campus-lands-654m-in-financing\/\">2020 Acquisitions received $654 million<\/a> from Madison Realty Capital, with proceeds refinancing five buildings part of Central 9 Logistics Park&#8217;s first phase, while also covering construction and leasing costs for two other facilities in Phase Two.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Northwestern Mutual provided the note.<\/p>\n","protected":false},"author":2991,"featured_media":1004817183,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,1600,21742,10],"tags":[37482,37376,33402],"class_list":["post-1004817171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-new-york","category-latest","category-northeast","tag-amazon","tag-northwestern-mutual","tag-seagis-property-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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