Real Estate Journal — Brokerage Directory — July 27 - August 9, 2018 — 7C
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B rokerage D irectory
DISON, NJ — Bussel Realty Corp. (BRC) , a corporate and in- West Coast Shipping purchases 67,000 s/f of 1200 West Blancke St. in Linden Metz of Bussel Realty Corp. closes multiple industrial transactions in Union County, NJ E selling consumer household goods, relocating from Staten Island. Seagis is the owner of the property. attractive to employees and executives who don’t want to travel an hour to work on their morning and evening commutes.”
our doorstep within 24 hours, these trends in the industrial world will only continue to become more prevalent. With so few new product deliveries being absorbed as quickly as they can come online, expect pricing to remain strong.” About Bussel Realty Corp. With one of the largest dedi- cated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a lead- ing industrial real estate ser- vices 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 inves- tors, representing millions of square feet of property and tenant client assignments an- nually. The firm’s clients have included several of the largest Fortune 500 Companies, as well as numerous manufactur- ing, distribution and services companies both nationally and locally. Currently, BRC is handling in excess of three million square feet of corpo- rate and industrial real estate in New Jersey.
dustrial real estate ser- vices firm in New Jersey, announced J o r d a n Metz , senior vice presi - dent of BRC, r e c e n t l y
Metz continued, “These last-mile locations’ ability to service the end consumer and simultaneously limit their trucking costs puts them in a position to compete for a slice of the retail pie and to out-deliver their competition. Companies will pay a premi- um for a choice location. Many of these users are relocating from the New City boroughs, which makes Linden and Elizabeth, New Jersey, very
“The port-proximate region of New Jersey has been and re- mains to be very strong in its fundamentals. With below 2% vacancy rates and properties being leased and purchased at a rapid pace, all signs bode well for industrial real estate in these markets. Unless we plan to no longer hack away at our iPhones, impulsively purchasing and expecting those goods to be delivered to
Jordan Metz
closed multiple industrial transactions in Union County. “There’s a common thread to most of my deals, that be- ing location, location, location. These port-proximate facili- ties allow companies to receive containers from the second largest port in the country, Port Newark/Elizabeth, truck them to their nearby ware- house, and then send their outbound deliveries to the consumer population centers of New York and Northern New Jersey, thus meeting our ever-growing consumer-econ- omy appetite and demand for same and next day deliveries of whatever purchase we just made on our smartphones,” noted Metz. Over the past several months, Metz arranged the following industrial real es- tate transactions: • 67,000 s/f sale of 1200 West Blancke St. in Linden for $3,912,500 to West Coast Shipping. • 47,000 s/f lease for five years at 62 Grant St. in Cart- eret, New Jersey, with Qual- maxx Supplies. The landlord, Embee Associates, was rep- resented in-house by Steve Bartner. Metz represented both the landlord and tenant. • 40,500 s/f lease for five years at 904 Woodruff Ln. in Elizabeth with McGinley Transportation Services and landlord, Elberon Develop- ment. McGinley is a local transportation company pro- viding office furniture delivery and installations for compa- nies. Metz represented both the landlord and tenant. • 18,000 s/f lease renewal for seven years at 2401 East Linden Avenue in Linden with MM Foodpack. Metz represented both the tenant and landlord, Penwood Real Estate. • 7,000 s/f lease for five years at 1026 West Elizabeth Avenue in Linden, New Jer- sey, by Buy Bulk Deliver Fast LLC, an e-commerce company
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