6-12-20

S hopping C enters N ew J ersey /P en sylvania

M id A tlantic Real Estate Journal — New Jersey/Pennsylvania — Section B

www.marej.com

Lapides and Nozza orchestrate 177,559 s/f indutrial property transaction Bussel Realty Corp. brokers sale of 321 Valley Road, Hillsborough, New Jersey

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ILLSBOROUGH, NJ — Bussel Re- alty Corp. (BRC) , a

sive acreage for truck and car parking, and is 4,8 miles to the Somerville NJ Transit Station with train service to New York City. With one of the largest dedi- cated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a lead - ing industrial real estate ser- vices firm located in Central New Jersey with individual memberships in the Society of Office & Industrial Realtors (SIOR). BRC provides leasing and sales brokerage services to users, corporate occupiers, landlords, owners and inves - tors, representing millions of square feet of property and tenant client assignments an - nually. The firm’s clients have included several of the largest Fortune 500 Companies, as well as numerous manufactur - ing, distribution and services companies both nationally and locally. Currently, BRC is handling in excess of three million square feet of corpo - rate and industrial real estate in New Jersey. MAREJ operates an extensive bus and paratransit service system in the city’s metropolitan area, also covering much of the southern and eastern halves of Dauphin and Cumberland counties surrounding it. Holland joined Kislak in 1984, became President in 2012, and is one of the firm’s all-time leading sales produc - ers. In addition to overseeing the company and managing a team of salespeople, he special - izes in the sale of multifamily and other investment proper - ties. Wolf joined Kislak in 2017, following over a decade of success in the CRE industry focused on multifamily and other investment sales trans - actions in central and eastern Pennsylvania. He is a Certified Commercial Investment Mem - ber (CCIM) and also holds a PA broker’s license. MAREJ

leading industrial real estate services firm in New Jersey, today announced it repre - sented the sale of 321 Valley Rd. in Hillsborough, a 177,559 s/f industrial property, for an undisclosed amount. Earl Lapides , senior vice president of BRC, represented the seller, Valley Holdings, in the transaction. The buyer was represented by Stephen Nozza , senior vice president of BRC. HI-LIGHTS JUNE 12 - 25, 2020 SCOUT CAPITAL TO ACQUIRE LOGISTICS CENTER IN SOUTHERN NJ

321 Valley Rd. aerial “I was extremely pleased to complete this transaction for my buyer, who is equally for - tunate to be able to seize this opportunity.”

“This fully occupied prop - erty with long term leases is a rare commodity in today’s industrial real estate invest- ment market,” said Nozza.

Sitting on 77 acres, 321 Valley Rd. is in proximity to Route 206 and minutes to I-287. The property features 20- to 30-foot ceilings, expan -

Holland and Wolf of Kislak handle Central PA apartment complex sale totaling $12.1 Million

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keyed entry with intercom, private entrances, attached two-car garages or carports, ad - ditional storage, on-site main - tenance and management, and landscaped courtyard with grilling stations. The property, within walk - ing distance of the business district and government center of Harrisburg, the capital city of Pennsylvania, is just blocks from major employers and healthcare facilities such as Pinnacle Health – Harrisburg Campus Hospital. Nearby, Her - shey Park, Amish Village, the Strasburg Railroad, Lancaster farms and markets, museums and symphony orchestras at - tract visitors and residents alike. While the property is less than 5 miles from Routes 76 and 81 and Capital City Air - port, within Harrisburg the Capital Area Transit system

presence in the Harrisburg market and this an excellent opportunity for him to obtain a second local property.” B u i l t i n

HARRISBURG, PA — The Kislak Company, Inc. an- nounced the recent sale of Mul- berry Station Apa r tmen t H o m e s , a 1 0 0 - u n i t a p a r tme n t compl ex in d o w n t o w n Harrisburg, Pennsy l va - nia, for $12.1 million. The property is located at 200 South Court St. Kislak marketed the prop - erty on an exclusive basis with president Robert Holland and vice president Matt Wolf handling the assignment. They also procured the purchaser. “We received a tremendous amount of interest and offers given the lack of supply in the central Pennsylvania market,” said Wolf. “The purchaser is very excited to increase his Robert Holland

SPOTLIGHT NORTHERN NJ

1 9 8 7 , t h e two bu i l d - i n g s , j u s t s t eps f rom the Susque- hanna river, feature 20 one-

5-8B

PENNSYLVANIA

13-BC B

Matt Wolf

bedroom, 60 two-bedroom and 20 three-bedroom units – 45% of which had interior upgrades to kitchens and bathrooms in 2019. Kitchens are outfitted with stainless steel sinks, electric stove/oven combos, dishwashers, garbage dispos - als and laminate countertops. All apartments also feature individual washer/dryer and HVAC units, along with pri - vate balconies. Other amenities include

J.G. PETRUCCI SIGNS MILLPRESS IMPORTS TO 2198 INDUSTRIAL DR.

15B

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