48C — March 27 - April 9, 2020 — The Best of 2019 — M id A tlantic Real Estate Journal
www.marej.com
The LARGEST INDUSTRIAL SALE of 2019
JLL 19 Chapin Road Montville Township, NJ
Bussel Realty Corp. 970 New Brunswick Avenue Rahway, NJ
Bennett Williams Commercial 60 N Ronks Rd. Ronks, PA
Size: 297,000 SF Brokers: Gregory Irving, SIOR, Executive Vice President & Jim Hodgkins, Vice President Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced the sale of 970 New Brunswick Avenue in Rahway, New Jersey, a 297,000-square-foot industrial facility, for $19.5 million. Greg Irving, executive vice president, SIOR, and Jim Hodgkins, vice president, of BRC represented the seller, Rahway Industrial Sites. The buyer, Harold Realty Man- agement LLC, was represented by Ezra Realty. “Rahway Industrial Sites and Bussel Realty Corp. have had a long- standing relationship and we were happy to deliver on their expectations in the sale of the property,” said Irving.
Size: 529,110 SF Brokers: JLL’s Jose Cruz, Marc Duval and Jordan Avanzato JLL successfully closed the sale of 19 Chapin Road, a four-building, core-plus light industrial portfolio in the Morris County community of Montville Township, New Jersey. JLL represented the seller, a partnership between Camber Real Estate Partners and Advance Realty Inves- tors, and procured the buyer, a partnership between Cohen Asset Management, Inc. and Intercontinental Real Estate Corporation.
Size: 106,000 SF Brokers: Jeff Herr, Jeffrey Herr
60 N Ronks Rd is a 106,000 square foot warehouse that includes office and showroom space situated on eight acres. The property is located just off Route 30 in East Lampeter Township. The former owner was a large agri- business concern. The new owner is a furniture retailer, which will use this property as a warehouse for its retail locations. Jeff Herr, CCIM and Jeffrey C. Herr represented both the buyer and seller in this transaction.
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