Real Estate Journal — The Year in Review 2018 — December 28, 2018 - January 10, 2019 — 17C
www.marejournal.com
M id A tlantic
Equilibrium Equities acquires of 270,000 s/f distribution center Nathin of Sheldon Gross Realty manages deal on 41,458 s/f Fairfield location Procision Commercial Realty brokers acquisition of an 84,000 s/f office building in Fort Washington Warfel promotes Cappelletti to senior account executive Binswanger negotiates 400,000 s/f office lease for Amerisource- Bergen in Conshohocken, PA HFF announces the $55.25 million sale and financing of Lehigh Valley power center Horvath & Tremblay sells four retail properties for $13.59 million One Wall Partners expands portfolio; acquiring 217 additional units in Northern New Jersey CPC delivers $11M to finance acquisition of multifamily prop- erty in Greater PGH Walker & Dunlop adds New York multifamily finance leader Super Lawyers select seven Kaplin | Stewart Meloff Reiter & Stein, P.C. attorneys Greenberg Gibbons kicks off construction of $350 million Towson Row Project Bestwork goes green with Hutchinson and Direct Install TEN-X Commercial surpasses $20 billion in total sales volume Horvath & Tremblay sells four retail properties for $13.59 million JUNE 28 – JULY 12, 2018
Year in Review 2018
Landlord is Heller Industrial Parks Metz of Bussel Realty leases 76,556 s/f in Linden & Kearny
L
INDEN&KEARNY, NJ — Bussel Realty Corp. (BRC) , a leading in-
dustrial real es tat e ser - vices firm in New Jersey, ann o un c e d that senior v i c e pr e s i - dent Jordan Metz leased 76,556 s/f of
2401 East Linden Ave.
Jordan Metz
industrial space in two new leases in Kearny and Linden. Philadelphia Truck Lines leased 47,670 s/f at 2401 East Linden Ave. in Linden. Metz represented the landlord, Pen- wood Real Estate Invest- ments , in the transaction. Jackson Cross Partners in Wayne, PA, represented the tenant. Blossom Kitchen Bath Supply leased 28,886 s/f at 1250 Newark Tpke. in Kearny. Metz represented both the landlord, Heller Industrial Parks , and the tenant in this transaction. “Philadelphia Truck Lines was one of several bidders vy- ing for the newly-renovated space at 2401 East Linden Ave., an asset I sold Penwood two years ago,” said Metz. “Having signed new long-term leases with the other two ten- ants in the building this year (both food companies), this new Philadelphia Truck Lines deal brings the asset to 100 percent stabilization. This is a textbook example of an inves- tor acquiring a value-add asset in a choice location, infusing the necessary capital towards building upgrades and renova- tions, implementing a strong marketing plan, and leasing out the spaces to quality ten- ants paying historically high lease rates. I’m proud to have played an integral role in help- ing to facilitate this successful outcome.” Metz added, “Blossom Kitch- en is in growth-mode and needed a larger warehouse to complement its current facil- ity and showroom in Queens, New York. 1250 Newark Tpke. provided the strategic loca- tion proximate to the Ports, with immediate access to all major transportation arteries, enabling Blossom to service its customers more efficiently. Both of these transactions at- test to the market’s strength and strong demand for last mile distribution near and around the Ports and NYC, where companies are heavily compet- ing for coveted e-commerce distribution space.”
1250 Newark Turnpike
T HANK YOU TO ALL MY CUSTOMERS AND WISHING YOU THE BEST SUCCESS !
10 PRODUCTION WAY AVENEL, NJ SALE OF 55,000 SF
904 WOODRUFF LANE ELIZABETH, NJ LEASE OF 40,500 SF
300 MILL RD. EDISON, NJ RENEWAL OF 85,000 SF
62 GRANT STREET CARTERET, NJ LEASE OF 47,000 SF
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2401 E. LINDEN AVE. LINDEN, NJ LEASE TOTALING 84,370 SF LEASES TOTALI 4,370 SF
1501 W. BLANCKE ST. LINDEN, NJ LEASE OF 44,478 SF
1001 ROOSEVELT AVE CARTERET, NJ SALE OF 97,000 SF
1200 W. BLANCKE ST. LINDEN, NJ SALE OF 67,000 SF
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LEADING COMMERCIAL INDUSTRIAL REAL ESTATE BROKER SALES, LEASING, AGENCY OR TENANT REPRESENTATION SPECIALIZING IN PORTS MARKET/UNION & MIDDLESEX COUNTIES RELOCATIONS FROM NYC/BROOKLYN CUSTOMERS
JORDAN METZ | 973.493.0385 | JMETZ3@ME.COM
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