Metz Team of Bussel Realty Corp. Closes Multiple Industrial Real Estate Transactions in New Jersey Totaling Over 163,000 Square Feet

Bussel Realty Corp. (BRC), a leading corporate and industrial real estate services firm in New Jersey, today announced that the BRC Metz Team closed multiple industrial real estate transactions in New Jersey, totaling 163,210 square feet.

Metz Team of Bussel Realty Corp. Closes Multiple Industrial Real Estate Transactions in New Jersey Totaling Over 163,000 Square Feet

    Metz Team of Bussel Realty Corp. Closes Multiple Industrial Real Estate Transactions in New Jersey Totaling Over 163,000 Square Feet

    Bussel Realty Corp. (BRC), a leading corporate and industrial real estate services firm in New Jersey, today announced that the BRC Metz Team closed multiple industrial real estate transactions in New Jersey, totaling 163,210 square feet.

     

    The Metz Team is comprised of Jordan Metz, senior vice president, Eric Koons, sales associate, and Wellern Yu, marketing and research assistant.  “We are continuing to see an unprecedented level of demand from users requiring warehouse space proximate to the ports and offering immediate access to our highway infrastructure,” noted Metz.  “Industrial vacancy rates are hovering at 1.5 percent in these markets, with ample demand to fuel even further market compression.  As a result, we are seeing all-time highs on lease and sale rates.”

     

    In the past months, the Metz Team completed the following industrial real estate transactions:

    • Sold 4 American Way in Spotswood, New Jersey, an 80,000-square-foot industrial property, to LBPS for $9,200,000.  Metz Team represented the owner, Dart Seasonal Products, in the transaction.
    • Subleased 30,000 square feet to Uniload for two years at 2401 East Linden Avenue in Linden, New Jersey.  Metz Team represented the sublessor, Philadelphia Truck Lines, in the transaction.
    • Sold 218-224 11th Avenue in Roselle, New Jersey, two industrial properties totaling 20,000 square feet, to Suburban Properties LLC for $2,000,000.  Metz Team represented the owner, Pamario Technologies, in the transaction.
    • Subleased 13,630 square feet to McGinley Transportation at 669 Division Street in Elizabeth, New Jersey.  Metz Team represented the tenant in the transaction.
    • Sold 217 Highland Parkway in Roselle, New Jersey, a 11,800-square-foot industrial building, to A Pita Pocket for $1,326,000.  Metz Team represented the owner, Moshe Katz, in the transaction.
    • Leased 5,000 square feet to NGA Millworking for five years at 12 Sherman Avenue in Linden, New Jersey.  Metz Team represented the owner, G-Tech Elevator, in the transaction.
    • Leased 3,050 square feet to Wireless Bro LLC for three years at 104 Sherman Street in Linden, New Jersey.  Metz Team represented the owner, Tee Kru LLC, in the transaction.

     

    Metz continued, “Good, functional buildings in choice locations will continue to perform exceptionally well for the foreseeable future.”

     

     

    About Bussel Realty Corp.

     

    With one of the largest dedicated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a leading industrial 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, 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 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