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New York & Tri-State  + New Jersey  + Industrial  |  May 31, 2023
Emily Fu
By: Emily Fu

Invesco Real Estate Buys West Essex Logistics Center 

Bluewater Property Group and Affinius Capital have sold West Essex Logistics Center, a 293,887-square-foot industrial property in Livingston, New Jersey, to Invesco Real Estate. 

The property, located at 8 Peach Tree Hill Road, was formerly the headquarters of CIT Bank and has undergone a redevelopment into a logistics facility. With its Class A features, the facility features 36-foot clear heights, 54 loading docks, and two drive-in doors. 

The sellers were represented by Cushman & Wakefield’s team consisting of Gary Gabriel, David Bernhaut, Kyle Schmidt, and Ryan Larkin. “Class A or new construction represents a fraction of the Northern New Jersey industrial market’s overall inventory, and it very seldom becomes available for acquisition,” said Schmidt. 

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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