B — January 17 - 30, 2014 — New Jersey — Mid Atlantic Real Estate Journal
N ew J ersey
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CBC Feist & Feist brokers transaction Bussel brokers $5m+ purchase of 76,000 s/f industrial facility
UPCOMING SPOTLIGHT ICSC CONFERENCE &
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
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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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