Elberon Development Group, closed on the acquisition of land and formed a joint venture with The Avidan Group, allowing for the assemblage of multiple properties totaling 17 acres along Fairmount and Julia Street in Elizabeth, NJ. Ownership subsequently worked with the city to vacate a public street, rezone the site, and reconfigure the tax lots. A 135,000 SF freezer warehouse was constructed in connection with a long-term build-to-suit lease with Seafrigo Cold Storage on one property. A 90,000 SF multi-tenant warehouse was constructed on the adjacent site housing Pilot Air Freight and another division of Seafrigo Cold Storage. The project was recognized s NJ-NAIOP’s Industrial Deal of the Year in 2016.
|Seafrigo II||play large screen||Pilot Freight Frigopack||play large screen|