Bussel Realty
732-287-3777
The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, represented Seagis Property Group in two industrial transactions totaling 31,708 square feet, leasing the entirety of 27 Engelhard Avenue in Avenel and Unit 3 at 1001 Roosevelt Avenue in Carteret, New Jersey.
The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, represented Seagis Property Group in two industrial transactions totaling 31,708 square feet, leasing the entirety of 27 Engelhard Avenue in Avenel and Unit 3 at 1001 Roosevelt Avenue in Carteret, New Jersey.
MIG leased 5,708 square feet at 1001 Roosevelt Avenue, a 93,286-square-foot industrial property, to Revenant Logistics, and 26,000 square feet at 27 Engelhard Avenue to ZEMS Logistics.
The Metz Industrial Group comprised of Jordan Metz, senior vice president, Ben Abbate, senior associate, and James Friel, sales associate, of BRC represented the landlord, Seagis Property Group, and Revenant Logistics in the transactions. ZEMS Logistics was represented by Galaxy Fortune Realty.
"These two recent leases are demonstrative of the current trend we are seeing, in which smaller facilities (50,000 square feet and under) are outperforming the greater market from all metrics: lease-up time, rental rates, and concessions,” noted Metz. “We continue to have a bullish outlook on the fundamental strength of the Exit 12 region, and as tenant demand continues to trickle back into the market, we expect vacancy rates to begin slowly compressing in the coming quarters.”
1001 Roosevelt Avenue in Carteret, New Jersey is a 93,286-square-foot industrial building located near the New Jersey Turnpike, Route 1-9, Port Newark/Elizabeth and Newark Liberty Airport. Unit 3 of the property features a 751-square-foot office, one to 23-foot ceilings, two tailboards, 400 to 500 amps of electric power, wet sprinklers and ample parking.
27 Engelhard Avenue in Avenel, New Jersey, is a 26,000-square-foot industrial property located near Route 1-9, the New Jersey Turnpike, Goethals Bridge to Staten Island, New York as well as Port Newark/Elizabeth and Newark Liberty Airport. The property features 2,150-square-foot offices, 22-foot ceilings, six tailboards, one drive-in door, wet sprinklers, and 17 parking spaces.
About Seagis Property Group
Seagis Property Group was formed in 2005 and is a leading investor and owner of industrial and logistics real estate with a particular focus in New Jersey, New York City, and Miami / Ft. Lauderdale markets.
About Revenant Logistics
Revenant Logistics, LLC provides “white glove” pick-up and delivery services for successful brands in North America. Superior customer service is what separates Revenant Logistics from any other transportation logistics companies.
About ZEMS Logistics
ZEMS Inc. is a woman owned, minority owned transportation logistics company with over 30 years of combined experience in the shipping industry. Based in Clovis, California, the company’s team of experts specialize in transportation logistics management for small to medium sized businesses throughout North America.
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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