Seagis Property Group Expands Operations with Lease Renewal
Seagis Property Group Enhances Portfolio with Lease Renewal
Seagis Property Group is making headlines by renewing a significant lease for Del Valle Brands Inc. in a strategically located property. This renewal, involving a freestanding building, underscores the company’s commitment to maintaining strong relationships with tenants and meeting their real estate needs.
Details of the Lease Renewal
The newly renewed lease pertains to a spacious property totaling 125,976 square feet. Located at 8150 NW 76th Avenue, this facility boasts excellent features, including 21 dock doors, 2 oversized drive-in doors, and ample parking with 95 spaces. This locational choice in the Medley submarket offers remarkable access to the Palmetto Expressway, a major roadway in the area.
Importance of Tenant Relations
Ronald Marrero from Seagis emphasized the value of long-term relationships with tenants like Del Valle Brands. Such partnerships are pivotal in ensuring that the needs of tenants are met, fostering a collaborative environment.
About Seagis Property Group
Founded in 2005, Seagis Property Group is a privately held real estate company that focuses on acquiring and developing industrial properties within prominent logistics hubs along the Eastern Seaboard. The company boasts an impressive portfolio of over 12 million square feet and includes a diverse array of 190 buildings crucial for warehousing and logistics.
Strategic Geographic Focus
Seagis targets key regions for development, including New Jersey, New York City, and South Florida. With its headquarters located in Conshohocken, Pennsylvania, the company aims to seize growth opportunities through a combination of core acquisitions and value-added developments.
Future Directions for Seagis Property Group
Looking ahead, Seagis Property Group plans to continue reinforcing its standing in the industrial real estate market. The ongoing investments and lease renewals not only reflect the company’s robust strategy but also its flexibility in responding to market demands.
Frequently Asked Questions
What is the significance of the lease renewal by Seagis Property Group?
The renewal represents Seagis's commitment to tenant relationships and strategic property management in key logistics areas.
What features does the renewed property offer?
The property includes 125,976 square feet, 21 dock doors, 95 parking spaces, and excellent accessibility to major roadways.
When was Seagis Property Group founded?
Seagis Property Group was founded in 2005 and has since expanded significantly in the industrial real estate sector.
Where is Seagis Property Group headquartered?
The company's headquarters are located in Conshohocken, Pennsylvania, focusing on the Eastern Seaboard market.
What areas does Seagis Property Group target for its properties?
Seagis is focused on major markets such as New Jersey, New York City, and South Florida, which are crucial for logistics and warehousing.
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