Press Release

CBRE Arranges Sale of FXG Jersey City at 1049 Secaucus Road, Jersey City, NJ

16 1月 2020

1049 Secaucus Road

CenterPoint Properties Acquires 315,389 SF Industrial Property Fully Leased to FedEx Ground Package System

CBRE today announced the sale of FXG Jersey City, a 315,389 sq. ft. industrial complex located at 1049 Secaucus Road in Jersey City, New Jersey. CenterPoint Properties acquired the asset, which is fully leased to FedEx Ground Package Systems, Inc., from Scannell Properties. 

Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki of CBRE National Partners spearheaded the marketing campaign and negotiated the sale transaction on behalf of Scannell Properties. 

“FXG Jersey City is an irreplaceable asset located in one of the most desirable industrial and commercial areas in Northern New Jersey,” said Fiurama, Vice Chairman, CBRE. “The industrial market in New Jersey remains very robust with extremely strong demand and an availability rate of just 3.63 percent, making this acquisition a great investment with the potential of continued increases in value.”  
 
Built in 2016, FXG Jersey City is conveniently located on 44 acres near I-95 (1.7 miles), New York City, (6.7 miles) and Newark International Airport (10 miles). The industrial complex boasts parking for 774 cars, six drive-in docks and abundant trailer parking.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.