Realterm has added to its transportation logistics real estate portfolio with the acquisition of 80 W. Nyack Road, a 32-door truck terminal in Nanuet, N.Y. 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 Interstate 287, facilitating reach into the broader New Jersey market, Rockland County, N.Y., and Westchester County, N.Y., via the Tappan Zee Bridge. The property strategically caters to a population of 23 million people and 8.5 million hous
