LYNDHURST, NJ—Sitex Group is planning $3-4 million in capital improvements to the 184,000-square foot industrial it acquired at 1200 Valley Brook Avenue in Lyndhurst, NJ.
The 184,443-square-foot warehouse is located in a high image business park within the Meadowlands submarket and features 22' clear ceiling height, 12 loading docks and abundant power and parking. It is strategically located less than 20 minutes from New York City, the Port of Newark/Elizabeth and Newark's Liberty International Airport and has direct access to the New Jersey Turnpike, Interstate 80 and Routes 3 and 17.
“Given the property's modern specifications and direct access to New York City, there is already strong interest from companies in the food and beverage, e-commerce, third party logistics, retail and apparel industries,” says Blake Chroman, Sitex's senior vice president of acquisitions and leasing. “This is another example of Sitex's proven strategy of buying well-located industrial properties and making significant capital improvements to make the assets appeal to today's sophisticated corporate users.”
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