4B — January 12 - 25, 2018 — New Jersey — M id A tlantic
Real Estate Journal
www.marejournal.com
N ew J ersey
A 55,000 s/f industrial building, for $6.325 million Metz of Bussel Realty brokers sale of 10 Production Way in Avenel, New Jersey
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VENEL, NJ — Bussel Realty Corp. (BRC) , an industrial real es-
Companies. "The trend continues," noted Metz. "There continues to be an insatiable demand from both users and investors for an almost nonexistent supply of well located, functional indus- trial properties in and around the port-proximate markets, creating fierce competition to purchase. Similar to other assets that have traded, 10 Production Avenue had sev- eral full-priced offers, and my client/investor was able to secure the deal by provid- ing aggressive terms with no financing contingency."
10 Production Way is a 55,000 s/f industrial property located off Rte. 1-9 and near Exit 12 of the New Jersey Turnpike, the Goethals Bridge and Newark Liberty Airport. The property features a 6,480 s/f office, 11 loading docks, one drive-in door, 20-foot ceiling heights, wet sprinklers and 2,000 amps of power. n NAI Hanson ink sale of 15,700 s/f flex building ELMWOOD PARK, NJ — NAI James E. Hanson an- nounced the sale of a 15,700 s/f industrial/flex building located at 20 Bushes Ln. in Elmwood Park. NAI Hanson’s Joshua Levering, SIOR , and Nicho- las DePaolera represented the seller, RN Foster Associ- ates LLC, in this transaction and the buyer, 20 Bushes Ln., LLC was represented by NAI James E. Hanson’s Andrew Somple, SIOR . The sale of 20 Bushes Ln. is the latest deal negotiated by NAI James E. Hanson on be- half of RN Foster Associates. NAI James. E. Hanson’s long- standing relationship with RN Foster Associates extends over a decade with the broker- age team negotiating several deals on behalf of the client. Most recently, the brokerage team negotiated a deal to sell 10 Bushes Ln., a 9,963 s/f in- dustrial building, on behalf of RN Foster Associates earlier this year. NAI James E. Hanson ne- gotiated a lease to clothing distributor Copper Rivet for a 14,320 s/f industrial space located at 86-110 Orchard St. in Hackensack. NAI Hanson’s Pablo Castro, Thomas Vet- ter, SIOR, and Jeff DeM- agistris, SIOR , represented the landlord, Mayer Steg , of Orchard Oak Realty in the transaction. The tenant was represented by Kev- in O’Rourke , and Jeff St. Thomas of McBride. 86-110 Orchard St. is situ- ated just six miles from the New Jersey Tpke. and the George Washington Bridge, offering easy access to NYC. The 14,320 s/f industrial build- ing features 24’ ceilings, ample and overflow parking, and three loading docks, making this flexible industrial space an ideal new location for BT & DC Corp. n
tate services firm in New Jersey an- nounced i t has arranged the sale of 10 Produc t i on Way in Ave- nel, a 55,000 s/f industrial
Jordan Metz
building, for $6.325 million. Jordan Metz , senior vice president of BRC, represented the buyer, an undisclosed in- vestor, and the owner, Cantor
10 Production Way
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