Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced its brokered the sale of 400 Cottontail Lane in Somerset, New Jersey, a 55,000-square-foot industrial property, to Mack Boring & Parts for $13,865,000.
Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, today announced its brokered the sale of 400 Cottontail Lane in Somerset, New Jersey, a 55,000-square-foot industrial property, to Mack Boring & Parts for $13,865,000.
Gregory Irving, SIOR, executive vice president and partner, and Steve Jaynes, industrial specialist, of BRC represented the seller, Hsu Property Holdings, in the transaction. The buyer, Mack Boring & Parts, was represented by CBRE.
“We are thrilled to announce the sale of 400 Cottontail Lane in Somerset, a well-located industrial property near I-287,” said Irving. “The property has expansion capabilities ideal for Mack’s customer base representing approximately 300 authorized dealers across 26 states.”
400 Cottontail Lane in Somerset, New Jersey, a suburban community in Somerset County, known for its parks and highly rated schools, is in close proximity to I-287 and the New Jersey Turnpike. The property consists of 55,000 square feet of industrial space, with three tailboards, one drive-in door, 25’6” ceilings, heavy power, wet sprinklers and ample parking.
About Mack Boring & Parts
Mack Boring is a leading provider of diesel engines and power generation systems to the recreational and commercial marine, industrial off highway and military markets.
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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