Metz Industrial Group of Bussel Realty Corp. Leases IOS Site at 869-871 Julia Street in Elizabeth, NJ

The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC), a leading industrial and retail real estate services firm in New Jersey, today announced it has successfully completed the lease of the entire industrial outdoor storage (IOS) property located at 869-871 Julia Street in Elizabeth, New Jersey, on behalf of Northeastern Lumber Building Supply.

The 1.6-acre IOS site includes a 4,225-square-foot maintenance facility and will support Northeastern Lumber Building Supply's continued growth and operational needs within the Northern New Jersey market.

Jordan Metz, Principal, Benito Abbate, Senior Associate, and James Friel, Sales Associate, of the Metz Industrial Group of BRC represented the tenant in the transaction. The landlord, Elberon Development Group, was represented in-house.

"Well-located industrial outdoor storage (IOS) properties continue to be among the most durable and sought-after asset classes in today's industrial market," said Jordan Metz, Principal of the Metz Industrial Group. "The highest demand continues to center around 1- to 3-acre IOS sites in core infill locations like the Port Newark/Elizabeth market.”

Metz continued, “Companies increasingly require these 1- to 2-acre sites across multiple markets to efficiently service broad geographic customer bases, making this size category exceptionally competitive and resilient. We have developed a distinct specialization in the industrial outdoor storage (IOS) sector and our focused expertise enables us to consistently identify opportunities that others overlook."

The transaction reflects MIG's consultative approach to serving both occupiers and owners. Working closely with Northeastern Lumber Building Supply, MIG analyzed more than a dozen IOS opportunities across multiple Northern New Jersey submarkets before identifying 869-871 Julia Street as the optimal long-term solution.

The team successfully pre-leased the property on behalf of Elberon Development Group, creating a win-win outcome for both parties by securing a high-quality tenant that further strengthens Elberon's long-term industrial portfolio. Northeastern Lumber represents a prominent addition to the ownership's portfolio, and the transaction is another example of the trusted partnership between MIG and Elberon Development Group, which spans more than 20 years and numerous successful transactions.

MIG extends its appreciation to Terry Armstrong, Vice President of Leasing & Acquisitions, for helping quarterback the transaction internally at Elberon and to President Dave Gibbons, a longtime trusted partner and friend of the team, whose collaboration continues to contribute to the success of all parties.

Situated on 1.6 acres, 869-871 Julia Street features industrial outdoor storage (IOS) with a 4,225-square-foot maintenance facility and offers exceptional access to Port Newark/Elizabeth, Newark Liberty International Airport, and the broader New York City metropolitan area, making it well suited for distribution, service, construction, and logistics users.