CenterPoint Properties acquires trophy asset on 44-acre site in Northern NJ
JERSEY CITY AND NEWARK, NJ — CenterPoint Properties announced the acquisition of a 315,389 s/f building on an extremely rare 44.1-acre site at 1049 Secaucus Rd. in Jersey City. Strategically located in the heart of the Northern New Jersey industrial market, the property offers excellent access to the New Jersey Tpke., NYC and nearby ports. We are pleased to acquire this class A, last-mile facility in the heart of the largest U.S. population center. One of the biggest advantages to this property is the tremendous parking. The building-to-land ratio is just 16%. This low site coverage offers tenants ample land for their parking needs—trailer, auto, last-mile delivery vans—you name it,” said Evan Lippow, CenterPoint Vice President of Investments. Because of its excellent location (just five miles from Manhattan and New Jersey’s Gold Coast) and extraordinary auto and trailer parking, the property is a mission-critical facility for the tenant, one of the largest delivery companies in North America.