Bussel Realty Corp Represents Sale of 110 Minue Street in Carteret, Jersey

Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced it sold 110 Minue Street in Carteret, New Jersey, a 74,000-square-foot-industrial-building, for $11,750,000.

Bussel Realty Corp Represents Sale of 110 Minue Street in Carteret, Jersey
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    Bussel Realty Corp Represents Sale of 110 Minue Street in Carteret, Jersey

    Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced it sold 110 Minue Street in Carteret, New Jersey, a 74,000-square-foot-industrial-building, for $11,750,000.

     

     

    Jordan Metz, senior vice president, Eric Koons, vice president, and Benito Abbate, sales associate, of BRC, represented the seller, Dino Tomasetti, in the transaction. The buyer, R & L Goods Distribution, Inc., was represented by Cushman & Wakefield. R & L Goods Distribution relocated its operations from Brooklyn, New York.

     

     

    “It’s becoming increasingly difficult for users to compete with investment groups in today’s hyper-competitive New Jersey core industrial port markets.  The buyer pursued 110 Minue Street aggressively and front loaded many of the due diligence items, which put them in a position to accept fewer contract contingencies than normal and to secure the deal,” noted Metz.  “This was a win-win for both the buyer and seller.  The new owner plans to make significant renovations to the building in order to operate its expanding wholesale bakery business.”

     

     

    Totaling 74,000 square feet, 110 Minue Street in Carteret, New Jersey is a multi-tenanted industrial property in close proximity to the New Jersey Turnpike, Route 1-9, I-78, Goethals Bridge as well as Port Newark/Elizabeth and Newark Liberty Airport. The property features 14,000-square-foot offices, 20-foot ceiling heights, two drive-in doors, and 58 surface spaces.

     

    About R & L Goods Distribution Inc.

    R & L Goods Distribution offers a huge selection of Kosher Foods serving the Tri-State area and beyond.  The company is strictly kosher and provides shipping service to customers, mostly in one business day.

     

    About Bussel Realty Corp.

     

    With one of the largest dedicated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a leading industrial/retail real estate services firm located in Central New Jersey with individual memberships in the Society of Office & Industrial Realtors (SIOR). BRC provides leasing and sales brokerage services to users, corporate occupiers, landlords, retailers, owners, and investors, representing millions of square feet of property and tenant client assignments annually. The firm’s clients have included several of the largest Fortune 500 Companies, as well as numerous manufacturing, distribution, retail and services companies both nationally and locally. Currently, BRC is handling in excess of three million square feet of corporate and industrial real estate in New Jersey.

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    Bussel Realty Corp
    2 Ethel Road - Suite 202A
    Edison, NJ 08817
    732-287-3777