Metz Industrial Group of Bussel Realty Corp Brokers Sale of 246-248 Pegasus Avenue in Northvale, NJ

The Metz Industrial Group of Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced its sold 246-248 Pegasus Avenue in Northvale, New Jersey, a 37,000-square-foot industrial building, to SBB Shipping for $7.6 million. 

Jordan Metz, senior vice president, and Benito Abbate, sales associate, of the Metz Industrial Group of BRC represented the buyer and the seller in the transaction. David Komor, commercial loan consultant, of P&A Financial Services handled the loan financing.

Abbate noted that “despite an increasingly difficult lending environment, SBB Shipping was able to close ahead of time in a seamless effort with SBA/bank financing.  Special thanks to David Komor of P&A Financial Services for his flawless work in managing the loan.  SBB identified the value of the functional warehouse space at 264 Pegasus Avenue, which provides superb access to the Northern New Jersey and New York City regions. In spite of multiple interest rate hikes, the Metz Industrial Group was able to garner multiple competitive offers and ultimately closed with an owner/user, who will utilize the building for their growing New York/New Jersey client demand. We wish SBB the best in their new facility and look forward to seeing their continued growth.” 

246-248 Pegasus Avenue in Northvale, New Jersey, is a 37,000-square-foot industrial property located near the New Jersey-New York border, Palisades Interstate Parkway and the George Washington Bridge.  The property features 17-foot ceilings, 2 tailboards, heavy power, wet sprinklers, and 30-plus parking spaces.

About SBB Shipping

SBB, with its warehouses in the USA and up-to-date software technology applications, has become a prominent third-party logistics (3PL) service provider in its sector and a solution center for corporations dealing with e-commerce.

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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