14 — September 2026 — Northern New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N orthern N ew J ersey
Reps. buyer in 136,346 s/f Staten Island acquisition MIG inks industrial sales across NNJ & Staten Island
Russo Development introduces the next evolution of luxury living
PARAMUS, NJ — With the opening of Vermella Para- mus, Russo Developmen t has created its most ambi- tious residential community to date—one where inspired design, elevated amenities, personalized conveniences and vibrant social experiences come together to create a lifestyle unlike anything previously available in Bergen County. Already leasing at an excep- tional pace since welcoming its first residents in May, Vermel - la Paramus is proving there was a growing demand for something beyond traditional luxury apartments. Residents aren’t simply choosing a new address—they’re choosing a more effortless, connected and elevated way to live. “Vermella Paramus is close to everything that matters to our family. We can walk our daughter to school, our son’s school is only 15 minutes away, and we’re close to all the places we like to shop as well as major roadways when we want to visit friends and fam- ily,” said residents Valerie and Scott . “Living here feels like living at a resort designed around our needs. We feel safe, the staff is incredibly friendly and responsive, and there’s something for everyone in our family. Our son loves the chil- dren’s playroom, and the pool is a place both of our kids can enjoy together.” As the newest and most sophisticated addition to the acclaimed Vermella collection, the community reflects de- cades of experience designing homes around the way people actually live today, blending the comforts of a private resi- dence with the amenities and hospitality of a boutique resort. “Vermella Paramus repre- sents everything we’ve learned after developing some of New Jersey’s most successful luxu- ry rental communities,” said Adam Pasternack , president of Russo Management. “It is the flagship of the Vermella collection and our most com- plete expression of luxury liv- ing. We challenged ourselves to imagine what comes after luxury—not simply adding more amenities but creating an experience where every detail makes everyday life easier, richer and more en- joyable. We believed people in Paramus and throughout Bergen County were look- ing for a housing option that simply didn’t exist, and the extraordinary leasing activity we’ve experienced since open- ing tells us our instincts were
Vermella Paramus
exactly right.” Residents will spend sum- mer afternoons beside a resort- style pool, where lunch from neighboring Stew Leonard’s can be delivered directly to their chaise lounge (they can also enjoy free grocery delivery to their apartment homes). Friends gather in a sophis- ticated speakeasy-inspired lounge for cocktails before heading to the sports simulator for a little friendly competition. Families enjoy movie nights in a private theater with over- sized reclining seating, while children have a dedicated play space of their own. For life’s everyday moments, Vermella Paramus antici- pates residents’ needs before they arise. A beautifully ap- pointed business center makes working remotely or hosting clients effortless. A private party room with a prep kitchen transforms birthdays and celebrations into memorable occasions. The expansive __s/f fitness center makes it easy to prioritize health and wellness every day. Thoughtful conveniences extend to every detail, in- cluding TULU, an app-en- abled smart rental hub that gives residents 24/7 access to everyday essentials. From borrowing items like vacuum cleaners and air mat- tresses to purchasing snacks, office supplies and personal care products, Tulu brings the convenience of an on-site concierge market without sac- rificing valuable storage space at home. The experience continues through membership in the Vermella Social Club, where chef-hosted dinners, roof- top movie nights, wellness classes, tastings, seasonal celebrations and curated resident events transform neighbors into lifelong friends and create a genuine sense of belonging. Inside each residence, timeless elegance meets exceptional functionality. Expansive kitchens feature dramatic marble countertops and backsplashes, statement pendant lighting, integrated wine storage and generous pantry space. MAREJ
300 Cox St., Roselle
150 West First Ave., Roselle Arthur Kill Rd. in Staten Island, NY
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150 West First Ave., a 7,000 s/f industrial warehouse. Steve Bussel , president of BRC, represented the seller, West First Roselle, LLC, while the Metz Industrial Group represented the buyer, RCG Realty LLC . The acquisition was com- pleted as part of RCG Realty’s tax-deferred 1031 exchange following the successful dis- position of its 4.8-acre indus- trial outdoor storage (IOS) property at 1200 Springfield Rd. in Union, NJ, where MIG also represented RCG Realty. By strategically managing the sale and identifying quali- fied replacement properties that met the 1031 exchange requirements, the Metz In- dustrial Group helped RCG Realty successfully reinvest its proceeds into 150 West First Ave. as one of several transac- tions as part of the exchange. The Metz Industrial Group team was led by Metz, to- gether with Abbate and Friel. The property features 7,000 s/f of industrial space with 32-foot clear ceiling heights, 1,000 s/f of office space, two oversized drive-in doors, and ample on-site parking. Extending its activity into New York, MIG also com-
pleted the sale of 2807 Arthur Kill Rd. in Staten Island. The newly constructed 136,346 s/f industrial warehouse sits on eight acres and was purchased by a long-term MIG client in the entertainment/logistics business, which will utilize the space for its new corporate HQ distribution facility. The property features two levels of industrial space, including an 86,706 s/f first level and a 49,640 s/f ground level. The first level offers 40-foot clear ceiling heights in the warehouse area and 14-foot ceilings in the load- ing area, ten drive-in doors, 16 dock doors, and 9,075 s/f of office space. The ground level includes 19-foot ceiling heights, 13 loading doors, and one drive-in door. Developed in 2025, the facility is equipped with LED warehouse lighting, an ESFR sprinkler system, 1,000 amps of power, and ample on-site parking. In partnership with New York brokerage firm B. Rothman Inc. , Metz, Ab- bate and Friel represented the buyer in the transaction. The seller, 2777 Arthur Kill Road LLC, was represented by JLL . MAREJ
OSELLE, NJ AND STATEN ISLAND, NY — The Metz In- dustrial Group (MIG) of Bussel Realty Corp. (BRC) completed three industrial sales in Roselle, NJ and Staten Island, NY, involving proper- ties totaling 159,342 s/f. In Roselle, MIG arranged the $4.325 million sale of 300 Cox St., a 15,996 s/f industrial warehouse. MIG represented the sell- er, AHM Cox Real Estate LLC, in the transaction. The buyer, Sun Tees Inc., was represented by an undisclosed broker. The Metz Industrial Group brokerage team was led by Jordan Metz , principal, along with Benito Abbate , senior associate, and James Friel , sales associate. MIG has represented the seller in numerous real estate transac- tions over multiple decades. The client originally acquired 300 Cox St. for its business op- erations and, after outgrowing the facility, turned to MIG to facilitate the property’s sale. Located within a designated Urban Enterprise Zone (UEZ), 300 Cox St. offers 15,996 s/f of industrial space. Also in Roselle, BRC com- pleted the $2.9 million sale of
NAI James E. Hanson completes $9.1 Million sale and 19,485 s/f lease in Bergen County
BERGEN COUNTY, NJ — NAI James E. Hanson recent- ly completed two transactions in Bergen County, including a $9.1 million industrial sale in Carlstadt and a 19,485 s/f lease in Leonia. In Carlstadt, senior managing directors Jordan Avanzato, SIOR, and Christopher D. Todd, SIOR , and managing director William Ericksen, SIOR, CCIM , of NAI James E. Hanson’s Institutional Services Group represented seller Ven- ture One Real Estate in the $9.1 million sale of the 30,300 s/f industrial building at 178 Com- merce Rd. to Gran Trade Inc. Situated in the Meadowlands,
the property features 27,800 s/f of warehouse space, 2,500 s/f of office space, two exterior loading docks, one drive-in door and 15- foot clear heights. It is located near Rtes. 3, 17 and 46 and I-95. Gran Trade Inc. , a distrib- utor of natural and engineered stone, will occupy the prop- erty to support its continued growth and expand its import and distribution operations. 178 Commerce Rd., Carlstadt
In Leonia, associate vice president Jessica Curry, CCIM , and senior vice presi- dent Andrew Somple, SIOR , negotiated a 19,485 s/f lease at 600 Willow Tree Rd. on behalf of U.S. Gymnastics Development Center. Relocating from 100 Leyland Dr. in Leonia, U.S. Gym Leo- nia has served the community since 1988. MAREJ 600 Willow Tree Rd., Leonia
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