STATEN ISLAND, N.Y.–(BUSINESS WIRE)–Sagard Real Estate, formerly known as EverWest Real Estate Investors, a leading real estate investment advisor, today announced the groundbreaking of 1 Nassau Place, a 332,000 square foot Class-A warehouse development in Staten Island, NY. This state-of-the-art facility is designed with top-of-the-market specifications to meet the growing demand for high-quality industrial space in one of the nation’s strongest submarkets.
“We are excited to initiate the development of 1 Nassau Place, a project that underscores our commitment to creating best-in-class assets in high-demand markets,” stated Brad Natale, Director, Portfolio Management at Sagard Real Estate. “This development aligns with our strategy of investing in markets with high barriers to entry and strong growth potential.”
Natale further highlighted the strategic significance of the location, “Staten Island is a prime logistics hub with sub-3% vacancy rates and limited new construction. The site’s proximity to Route 440, major interchanges, and excellent labor access makes it an ideal location for industrial tenants.”
Brian Wood, Senior Director, Head of Development for Sagard Real Estate added, “The inclusion of features such as 36′ clear height, 60 dock doors, and rooftop solar panels ensures that 1 Nassau Place will set a new standard for industrial properties in the area.”
The facility will boast 36-foot clear height, 60 dock doors, 175 car parking spaces, ESFR fire protection, rooftop solar panels, and full site circulation with two points of ingress and egress. Its strategic location less than a mile from Route 440 provides easy access to the New Jersey Turnpike/I-287 interchange, enhancing its appeal for logistics and distribution operations. The site’s excellent labor access is further supported by an MTA bus stop in front of the property and its walking distance proximity to the Arthur Kill Staten Island Railway station.
Scheduled for completion in late 2025, 1 Nassau Place is poised to become a key asset in Sagard Real Estate’s portfolio, offering significant potential for rental growth and tenant demand in a robust market environment.
About Sagard Real Estate – Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S., including portfolio management, acquisitions, asset management, development, and property management for our investors. With $4.9 billion in assets under management, our clients invest in a variety of commercial real estate investment strategies through separate accounts and commingled funds. In operation since 1997, Sagard Real Estate is based in Denver, with regional investment offices in New York City, Charlotte, Austin, Los Angeles, and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. Sagard’s leading shareholder is Power Corporation of Canada, an international management and holding company focusing on financial services in North America, Europe, and Asia. For more information, visit www.Sagard.com/RealEstate.
About Sagard – Sagard is a global multi-strategy alternative asset management firm with more than US$25B under management, 125 portfolio companies, and 300 professionals. We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value-creation experts. The firm has offices in Canada, the United States, and Europe. For more information, visit www.sagard.com.
