CBRE Arranges Sale of FXG Jersey City

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

On Jan 17, 2020

CBRE announced the sale of FXG Jersey City, a 315,389 square foot industrial complex located at 1049 Secaucus Road in Jersey City. 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.

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