2B — June 14 - 27, 2019 — New Jersey — M id A tlantic
Real Estate Journal
www.marej.com
N ew J ersey
Metz represents landlord in 84,600 s/f lease Bussel Realty’s Blitt leases 47,000 s/f in New Brunswick
AllendaleTown Center, Allendale, NJ
Walgreens Shopping Center, Fairreld, NJ
N
EW BRUNSWICK, NJ — Bussel Realty Corp. (BRC) leased
The Shoppes at North Brunswick, North Brunswick, NJ
Neptune Plaza Shopping Center, Neptune, NJ
the entirety of 16 Van Dyke Ave. in New Brunswi ck , a 47,000 s/f i n d u s t r i a l property, to Uppe r c l a s s Warehouse. D a v i d
David Blitt
Blitt , senior v i c e p r e s i - dent of BRC, represented the tenant, Uppe r c l a s s Warehouse. The owner, Wi ck Com- panies, was represented in-house.
16 Van Dyke Ave.
Jordan Metz , senior vice president of BRC, represented the landlord, Palacci Grou p. CBRE represented the tenant, Jordan East River, a moving and storage company with facilities in multiple markets. This lease brings the build- ing to 100% occupancy, with total vacancy rates in the ports submarket hovering below 1.5 percent. 1416 East Linden Avenue is an 84,600 s/f industrial prop- erty, with access to Rte. 1-9, the New Jersey Turnpike and Goethals Bridge. Its location is near Newark Liberty Airport and Ports Newark/Elizabeth as well as the Holland Tunnel to NYC markets. The property features 16-foot ceiling heights, four loading docks and one oversized drive-in door, wet
sprinklers, 400 amps of electric and sits on 2.75 acres.
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Jordan Metz
16 Van Dyke Avenue is an 47,600 s/f industrial property with access to Rtes. 1, 18 and 27, and is minutes to Downtown New Brunswick. The property features 18-foot ceiling heights, seven loading docks and one drive-in door, dry sprinklers, 800 amps of electric power and sits on 2.90 acres. In a second transaction, Bus- sel Realty Corp. leased 17,500 s/f at 1416 East Linden Ave. in Linden, an 84,600 s/f industrial property, bringing the facility to 100 percent occupancy.
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