B — January 17 - 30, 2014 — New Jersey — Mid Atlantic Real Estate Journal


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CBC Feist & Feist brokers transaction Bussel brokers $5m+ purchase of 76,000 s/f industrial facility



OUTH PLAINFIELD, NJ — Bussel Realty Corp. (BRC) announced

DEAL MAKING Issue: Jan. 31, 2014 Deadline: Jan. 20

it has brokered the purchase of 230 St. Nicholas Ave. in South Plainfield, a 76,000 s/f indus- trial facility. The property was purchased by Allen Flavors, Inc. for over $5 million from Majestic Realty Springs. Se- nior vice presidents Robert Sager and David Blitt of BRC in collaboration with Wayne Kranz of Coldwell Banker Commercial Feist & Feist were responsible for the transaction. “Allen Flavors experienced significant growth in their

The Mid Atlantic Real Estate Journal welcomes all editorial and expert articles dealing with the retail real estate industry e-mail: efanning@marejournal.com or call 800-584-1062

230 St. Nicholas Ave.

business and needed to ex- pand,” said Blitt. “230 St. Nicholas Avenue’s location next door to its manufactur- ing facility was the most logi- cal place to expand into and provides an ideal distribution center for its products.”

Sitting on 4.68 acres of land, 230 St. Nicholas Ave. is just minutes to I-287, two miles from the New Jersey Turnpike, and Route 440 leading to the Goethals Bridge and Staten Is- land. The 76,000 s/f property features 25’ ceilings, 5 loading docks with levelors, air con- ditioned offices, 6” reinforced floor, high density sprinkler system, ample parking, and possible rail service. n AVENEL, NJ — Cassidy Turley has completed the sale of 449 Blair Rd. in Ave- nel on behalf of PNL Compa- nies to Seagis Property Group LP. Doug Bansbach , senior vice president, and Robert Casagrande , associate vice president, represented both the buyer and seller in the transaction. “We’re seeing a lot of activity and interest in this submarket since it is strategically located within major transportation centers and could be a great fit for a tenant looking for warehousing opportunity.” said Bansbach. n Cassidy Turley brokers sale of 449 Blair Rd. HASBROUCK HEIGHTS, NJ – Fujikin of America has leased 2,100 s/f of office space at Heights Plaza, located at 777 Terrace Ave. in Hasbrouck Heights, announced Alfred Sanzari Enterprises , owner and manager of the property. The transaction was negoti- ated in-house byAlfred Sanzari Enterprises. Fujikin of America was a long-time tenant at an Alfred Sanzari Enterprises’ industrial building in Little Ferry, NJ. Wanting to continue its relation- ship, the company has relocated to Heights Plaza, according to Frank Pratt , Alfred Sanzari Enterprises’ vice president of leasing and marketing. n Fujikin signs lease for 2,100 s/f with Alfred Sanzari

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