Mid Atlantic Real Estate Journal — New Jersey — May 10 - 23, 2013 — 11B


C entral N ew J ersey

Including a lease renewal at Heller Park, Edison, totaling over 153,000 s/f Bussel Realty Corporation brokers significant number of transactions during first quarter 2013


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

real estate submarkets such as Raritan Center, the Mead- owlands, Exit 12, Exit 8A, and Port Newark/Elizabeth. “At BRC, we rely on the expertise of our team, which I believe helps drive our suc- cess. Working closely with our clients with up-to-date market information and our exclusive proprietary, comprehensive database sets us apart from our competitors. Our attention to detail to get what the client envisions is our top priority,” said president Steve Bussel, SIOR . “With our extensive bro- kerage experience and market

knowledge, our clients trust us to produce results. We are thrilled with the first quarter results and are on track to set the tone for another success/ful year.” BRC completed several key real estate transactions in New Jersey: a sale at 475 Jersey Avenue, New Brunswick, to- taling over 185,000 s/f; a lease renewal at Heller Park, Edison, totaling over 153,000 s/f; the sale of 100 MiddlesexAvenue in Carteret, totaling over 100,000 s/f; and the lease of 4 Corporate Place in Piscataway, totaling over 120,000 s/f. n

and indus - trial real es- tate services firm in New Jersey, an- nounced that is has closed over 34 com- mercial real estate trans-

Steve Bussel

actions totaling more than 965,344 s/f of office, industrial, and retail space during the first quarter of 2013. BRC represented various tenant and landlord clients in several of New Jersey’s key industrial CBRE completes sale and finance for fully leased facility in East Windsor East Windsor, NJ — CBRE New Jersey’s Bro- kerage, Private Capital and Debt & Equity Finance groups recently collaborated for the sale and financing of 89 Twin Rivers Dr., a 31,800 s/f industrial research facility in East Windsor. The listing was secured by CBRE’s Thomas Sullivan and the Private Capital Group’s Charles Berger . Elli Klap- per , also of PCG, identified a buyer who understood the risk associated with a Tenant Pur- chase Option and a specialty use asset. After negotiating a contract price of $4.125m, PCG intro- duced the buyer to the CBRE Debt & Equity Finance team of James Gunning and Donna Falzarano . Gunning and Fal- zarano secured a $2,681,250 non-recourse loan at 4.25% for a 10 year term with Lakeland Bank , who provided the buyer with flexible prepayment op- tions, a critical item for the buyer in lieu of the tenant purchase option. The simultaneous due dili- gence process resulted in clos- ing within the three-month deadline stipulated in the contract. The collaboration provided the buyer with an early indication of anticipated yield on the investment, which greatly assisted in contract negotiations. The property is 100% leased to Scion Cos., parent company to occupant Aprecia Pharma- ceuticals, which utilizes the site as a manufacturing facility. n

475 Jersey Avenue, New Brunswick

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Lease with the Market Leader

Call your Broker, call us, or visit www.hellerpark.com

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205 Mill Road, Edison NJ 08837 (732) 287-4880

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