2-8-19

Real Estate Journal — New Jersey — February 8 - 21, 2019 — 3B

www.marejournal.com

M id A tlantic

N ew J ersey

19,890 s/f industrial building in Somerset, New Jersey Gallicchio of REMCO sells investmentpropertyfor$3.653M

AllendaleTown Center, Allendale, NJ

Walgreens Shopping Center, Fairreld, NJ

RANCHBURG, NJ — Peter Gallicchio president of Somer-

The Shoppes at North Brunswick, North Brunswick, NJ

Neptune Plaza Shopping Center, Neptune, NJ

set, NJ based Remco Re- alty Group h a s a n - nounced that the firm re- cently sold a single tenant ne t l e a s e d I n d u s t r i a l

Peter Gallicchio

property located at 335 Cham- bers Brook Rd. to a New Jersey based investment group. The sale involved a six year old 19,890 s/f industrial build- ing that sits on 1.5 acres and features 26’clear ceilings, 2 loading docks, one drive-in door and 6,500 s/f of two story office space. This marks the sixth indus- trial building that Remco has sold in Branchburg over the past four years! The property is located in the Branchburg Business Park, midway between the Lehigh Valley Industrial Hub in Pennsylvania and Ports Newark and Elizabeth in New

335 Chambers Brook Rd.

Jersey. Branchburg is home to such well known companies as; Amneal Pharmaceuticals, AGFA Corp., Acorn Display, Biosearch Medical, Beumer Corp., Bio-Connexx, Century Labs, Chubb Insurance, DA Marketing, Falcon Safety, FedEx, GE Power Systems, Hagelin & Co, Hydromer Inc, Imclone Systems, Intermex

of America, Kinedyne Corp., Kinetics Systems, Life Cell Corp., Merck & Co, Power Integrations, Pharmax Group, Symrise Inc, Shuutz Contain- er, Tekni-Plex Films, Trimline Medical, Viva Optique, Vol- taix, and Zeus Scientific just to name a few. Remco represented the 1031 exchange buyer in this transaction. 

Remco Realty Group 370 Campus Drive, Suite 128 Somerset, NJ 08873 T: 732-253-0888

781.740.2900

lea@marejournal.com

For Sale: SomerSet, NJ Remco Realty Group’s President, Peter Gallicchio is pleased to announce the firm’s recent appointment as exclusive marketing agent for this free-standing 25,000 SF commercial building located next to a 6 month old Super Wawa Gas/Convenience Center. The property, which is being offered for sale, features 125’ of Route 27 frontage, highway signage, and 2.7 acres of land for future expansion. The immediate trade area, which located just minutes from downtown New Brunswick, is going through various phases of re-development, with several multi-family projects being completed, as well as large scale downtown medical and commercial projects in the planning stage. The site benefits from its immediate access to Rtes. 1, 9, 18, 130, I-287, NJ Tpke. and the Garden State Pkwy. Trade area demographics include a population of over 265,000 within a 5 mile radius earning over $98,000 of median household income. The property is zoned (GB) general business which allows for most retail, medical and professional uses. Ideal Uses include: Appliances, kitchen & bath, pools & patio, flooring & tile, HVAC, plumbing, building & electrical suppliers, furniture, sporting goods, equipment rental, lighting showroom, fitness, hardware, surgical supplies, home improvements & furnishings, printing & publishing, offices, education, etc.

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