S hopping C enters N ew J ersey

Real Estate Journal — New Jersey — Section B


M id A tlantic

Including 165,000 s/f portfolio purchase of 912 Route 33 in Freehold for $7.5m Bussel Realty Corp. closes multiple industrial deals totaling over 570,000 s/f


real estate requirements.” BRC handled the following industrial real estate transac- tions in the month of April: • 260,000 s/f expansion and purchase of 2300 East Boardin Rd. in Dallas, Texas, for $16.6 million by Everflow Supplies, which is headquar- tered in New Jersey. • 165,000 s/f portfolio pur- chase of 912 Rte. 33 in Free- hold, New Jersey, for $7.5 million by Route 33 Business Park. • 115,078 s/f purchase of 400 South Second St. in Eliza- beth, for $13.2 million by SNR Holdings. • 25,000 s/f in lease renew- als at 250 Lackland Drive in Middlesex, with Core Phar- ma. • 5,200 s/f lease by KP Wholesalers, LLC, for five years at 17 Progress St. in Edison. n

DISON, NJ — Bussel Realty Corp. (BRC) , a leading corporate

and indus- trial real es- tate services firm in New Jersey, an- nounced it has c l osed several com- m e r c i a l real estate

Steve Bussel

transactions totaling over 570,000 s/f in the month of April. “We continue to see a red HI-LIGHTS June 9 - 22, 2017

of available supply of quality industrial buildings,” said BRC president Steve Bussel, SIOR . “Through our large 400 South Second St. in Elizabeth

hot industrial real estate market and we are finding our client’s the best possible locations in spite of the lack

salesforce and proprietary database, we are collecting the information needed to help execute our customers’

Northern NJ 3-13B Redwood Realty Advisors receives Power Broker Award

Brokerage team receives Industrial Deal of the Year Award from NAIOP NJ CbreGroup represents Pacific Logistics Corp. in 210,600 s/f lease transaction in South Brunswick

SOUTH BRUNSWICK, NJ — CBRE Group Inc. an- nounced that Pacific Logistics

Corp (PLC) has s i gned a 2 1 0 , 6 0 0 s/f lease at 1 1 1 I n t e r - state Blvd., a state-of-the- art industrial building with- in Turnpike Crossing In- dustrial Park i n S o u t h Brunswick. PLC’s latest


Weiss announces new leases at Colonial Village Office Park

Scott Belfer

bringing Blue Apron to Linden, the CBRE team expanded the presence of a major e-commerce tenant in New Jersey, while facilitating the creation of more than 2,100 jobs in Linden. Duke’s Legacy Commerce Cen- ter now has its largest tenant in place and Blue Apron has a new state-of-the-art distribu- tion center. n Bill Waxman, executive vice president, CBRE accepting NAIOP’s Industrial Deal of the Year award.

111 Interstate Blvd.

to customers’ specific needs. The property owner, Prologis, was represented by Cushman and Wakefield. In other CBRE news, CBRE Group Inc. announced that its brokerage team of William Waxman, Mindy Lissner, Steven Beyda, Robert Pine, Kevin Dudley and David Gheriani has been honored by NAIOP’s New Jersey chapter, receiving the organization’s

Industrial Deal of the Year Award. The recipients were an- nounced at NAIOP’s 30th An- nual Commercial Real Estate Awards Gala. The CBRE team was hon- ored by NAIOP for its repre- sentation of both the landlord and tenant in Blue Apron’s 495,000-square-foot lease at Duke Realty’s Legacy Com- merce Center in Linden. By

lease expan- sion at 111 In- terstate Blvd. marks a total expansion of 124,600 s/f from its initial 86,000 s/f lease. The CBRE team of Scott Belfer and Lou Belfer ar- ranged the transaction on behalf of the PLC, which is known for providing customiz- able services designed to cater Lou Belfer


ALSO INside CREW NJ....................................16B www.marejournal.com

Made with FlippingBook - Online Brochure Maker