801 Washington Avenue, Carlstadt, NJ
CARLSTADT, NJ—After closing more than $200 million of acquisitions in the past 90 days, Sitex Group continues to be one of the most active buyers and developers of industrial real estate in New Jersey and New York. The firm just completed the acquisition of 801 Washington Avenue, a 100,000-square-foot warehouse on 5.2 acres in Carlstadt.
Sitex acquired the property from a private owner. It is now vacant and available for lease.
“We're excited to add 801 Washington Ave. to our growing portfolio of industrial real estate in New Jersey and New York. We think the property's size, location and features – namely its parking – will appeal to a wide audience.”
The property includes 21-foot clear ceiling height, 10 loading docks and a large parking area. Strategically located near New York City, the Port of Newark / Elizabeth, the New Jersey Turnpike, I-80, the George Washington Bridge and the Lincoln Tunnel, the property is considered one of the highest quality warehouses in the Meadowlands submarket.
In addition to 801 Washington Ave, Sitex recently added two warehouse/distribution facilities in New York – one in Queens and one in Long Island City – to its portfolio.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
