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Bob Smith and Mayor Brian Wahler joined Sudler Companies and GTJ REIT to officially welcome Colart into its new home with a ribbon cutting ceremony followed by live music on a painted piano that is part of a sponsorship of the Sing for Hope charity by the Colart brand Liquitex.
In its growing portfolio across the tri-state area, GTJ now owns 49 properties consisting of approximately six million square feet.
With these two acquisitions, GTJ now owns 47 properties, consisting of close to 5.5 m square feet on approximately 350 acres of land.
According to GTJ, the facility is currently 100% leased and occupied by seven different long-standing tenants, including Nomura Securities and Verizon.
With these two acquisitions, GTJ now owns 47 properties, consisting of close to 5.5 million square feet on approximately 350 acres of land.
This is GTJ's first acquisition of 2015 and follows a year in which the firm completed five transactions across the tri-state area.
The ten-year interest only loan, which is serviced by MRG, provided GTJ with funds to retire existing debt at aN attractive rate as well as additional liquidity for future transactions.
Paul Cooper, Chairman and CEO of GTJ commented, "It is with great sadness that we announce today the passing of my father Jerry.
Paul Cooper, CEO of GTJ, said the property--the REITs third purchase in Connecticut this year-complements its existing portfolio well.
GTJ REIT (GTJ), a public non-traded real estate investment trust based in West Hempstead, NY, has acquired a parking lot at 28-20 Borden Avenue, Long Island City, Queens, NY.
GTJ REIT, a public nontraded real estate investment trust based in West Hempstead, NY, has acquired an industrial property at 110 Old County Circle, Windsor Locks, CT.
The team was also responsible for procuring the buyer, GTJ REIT.
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