Sitex Group Acquires an Infill Low Coverage Site in South Plainfield From Progressive

Sitex Group acquires an infill low coverage site in South Plainfield from Progressive

Sitex Group, a privately held investor and developer of industrial real estate, has purchased a 22,000-square-foot property at 152 West St. in South Plainfield. The 4.1-acre site is located off Exit 4 of Interstate 287 and is visible from the highway. Financial terms were not disclosed. The seller was Progressive Casualty Insurance, which utilized the property as an insurance claims center for about 10 years. Progressive recently made the decisi…

Sitex buys ex-Progressive facility off I-287, eyeing new use as industrial outdoor storage – Real Estate NJ

152 West Street St. in South Plainfield — Courtesy: Sitex Group By Joshua Burd Sitex Group has acquired the site of a 22,000-square-foot commercial building in South Plainfield that it plans to repurpose as an industrial outdoor storage property. The real estate firm said the facility, 152 West Street St., served as a claims center for Progressive Casualty Insurance for roughly 10 years before the company opted to close it and put it on the mark…