Annapolis, Md. (December 22, 2023) – Realterm announced today the latest addition to its transportation logistics real estate portfolio with the acquisition of 80 W. Nyack Road, a 32-door truck terminal in Nanuet, New York. The low-coverage property sits on five acres.
“The property will enable transportation groups to service both the broader New York/New Jersey region and the surrounding dense consumer population from a central and accessible location,” said Ed Brickley, Managing Director, Senior Fund Manager, Realterm. “This transaction furthers Realterm’s core business objective of owning well-located, transportation-advantaged properties in top national markets.”
Ideally positioned to serve the greater Northern New Jersey/New York area, 80 W. Nyack Road provides convenient access to I-287, facilitating reach into the broader New Jersey market, Rockland County, and Westchester County via the Tappan Zee Bridge. The property strategically caters to a population of 23 million people and 8.5 million households within a two-hour drive.
“This property has differentiated loading capability and excess parking that enable users to move goods rapidly through the supply chain,” said Nick Dupuis, Acquisitions Associate, Realterm. “We are focused on continuing to execute new investments for differentiated industrial outdoor storage/truck terminal assets in top markets across the country.”