In The News
July 2007 - CalEast NAT, LLC Purchases Elizabeth, New Jersey Truck Terminal, Property to be managed by North American Terminals Management - CalEast NAT, LLC, (NAT) today announced the acquisition of a 56-door truck terminal on 6.0 acres in the Port Elizabeth/Newark Liberty International Airport section of Elizabeth, New Jersey for $8,000,000. 

NAT was represented by Robert Fordi, Director, and Paul Underwood, Asset Manager, both of North American Terminals Management, Inc.  The seller, Northern Real Estate One, was represented by Jason Crimmins and Peter Murano of The Blau & Berg Company.

The property will be managed and developed by North American Terminals Management, Inc., the largest owner of third-party leased truck terminal facilities in North America.

"By acquiring this property in one of the top seaport markets in North America, we’re continuing our push into this first-tier industrial segment," said Fordi.  "With continued growth in port volumes, we project above-market rental growth over the mid-term and are positioning ourselves to benefit from it."

About CalEast NAT, LLC
CalEast NAT, LLC, owns 78 properties critical to industrial surface transportation located in 38 cities across the U.S. and Canada.  CalEast NAT, LLC is a joint venture of North American Terminals Management, Inc., LaSalle Investment Management and CalPERS.

Back to In The News