Sagard Real Estate, a real estate investment advisor and operator formerly known as EverWest Real Estate Investors, has acquired two industrial properties located in New Jersey and Maryland.
In New Jersey, the company paid $24.1 million for an 80,468-square-foot industrial building in Avenal, located 11 miles southwest of Port Newark and 24 miles from New York City. Acquired for $24.1 million. The property was constructed in 1975 and renovated in 2022, and it is fully leased until October 2025. Sagard plans to manage the rent roll and, upon tenant rollover, complete capital improvements before re-leasing at market rates.
In Maryland, the company paid $33.5 million for a newly constructed, 130,389-square-foot industrial building on 12.4 acres in Hanover, which is 5 miles west of the BWI Airport and 14 miles from the Port of Baltimore.
“Our recent acquisitions underscore our ongoing commitment to expanding Sagard Real Estate’s portfolio with high-quality industrial assets in strategically important markets,” said John Maurer, senior managing director and head of equity for Sagard Real Estate. “By securing properties in key markets like New Jersey and Maryland, we are well-positioned to deliver strong, long-term returns for our investors.”
Photo of the acquired property in New Jersey, courtesy of LoopNet.
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