1200 Severn Way
This industrial site was acquired by an affiliate of the Maven Group in 2005. Lot 1 contains a 100,896-square-foot light manufacturing facility that is 100% triple-net leased to ViaSystems, Inc. The Maven Group will likely develop the adjacent Lot 2 for flex warehouse and retail in the next twelve months
The 90 year old 4 story brick building was completely renovated in 2000/2001 into 69 condominium units ranging in size from 398 to 980 square feet, efficiency, one and two bedroom units with varying views. The property is conveniently located on the northwest corner of Columbia Road and 14th Street.
As of March 1st, 2018, The Sportsplex at Metuchen is both owned and managed by the Sportsplex affiliated real estate entity of The Maven Group. The 70,000 sf indoor recreation facility features adult and youth soccer, lacrosse, field hockey, basketball, roller hockey and volleyball, the balance of the site is planned for urban mixed use redevelopment to augment Metuchen’s Main Street revitalization.