8 — August 2024 — Central New Jersey — M id A tlantic Real Estate Journal
www.marej.com
C entral N ew J ersey
C AI team rep. Acertus Transportation in 5 acre lease BRC handles deals totaling 96,772 s/f throughout CNJ
Freshpet will anchor Bedminster Village Sq. Advance Realty Investors breaks ground in Bedminster
ENTRAL NJ — The Advance Industrial Group of Bussel Re- alty Corp. (BRC) , a leading industrial real estate services firm in New Jersey, announced the following transactions in Central NJ: Bussel Realty Corp. leased five acres of industrial out - door storage space at 121 First Ave. in Hamilton, on be- half of Acertus Transportation. Acertus Transportation was represented by Anthony Rittwager , senior VP, and Matthew Phillips , director of asset services, of the Advance Industrial Team at BRC. The landlord, BDA Hamilton, was represented by Commercial Realty Partners (CRP) . “The closing of 121 1st Ave. in Hamilton, NJ is yet an- other testament to our team’s expertise in delivering excep- tional service to clients on a national level. This strategic location was negotiated to a close after a thorough assess- ment of the client’s existing logistics operations, ensur- ing optimal efficiency and alignment with their national objectives,” said Rittwager. BRC subleased 80,000 s/f at 1 Truman Dr. in Edison, a 369,313 s/f industrial building, on behalf of Packaging Distri- bution Resources. David Paster , VP, and Da- vid Blitt , senior VP, of BRC represented Packaging Dis- tribution Resources in the transaction. The sublandlord, RXO Inc., was represented by RE Perry . “It was a pleasure working with PDR as their real estate
Advance Realty Investors and Freshpet, Inc. were joined by Somerset County and Bedminster, NJ municipal officials to ceremoniously break ground on a new global headquarters.
121 First Ave. in Hamilton
BEDMINSTER, NJ — Ad- vance Realty Investors has broken ground on a new global headquarters in Bedminster for Freshpet, Inc., the industry leader in fresh pet food. The new 30,000 s/f, eco- friendly facility will be joined by 20,000 s/f of planned retail, dining, and amenity space to anchor “Bedminster Village Square,” Advance Realty In- vestors’ reimagined home cam- pus. The new headquarters is scheduled for completion in early 2025. The recent groundbreaking ceremony was attended by Bedminster Mayor Lawrence F. Jacobs, Somerset County commissioner director Shanel Robinson, and principals from Advance Realty Investors and Freshpet, along with other mu- nicipal officials and dignitaries. “The greatest act that a com- pany can do is to build a new building and a new corporate headquarters,” said Peter Cocoziello Sr. , Advance’s founder and CEO. “For one thing, it denotes their future — they believe that their fu- ture is bright, and here they are building a new building. It’s certainly very special to
work with the company, and we’re pleased to work with you. We wish you all the success in this location.” Freshpet is the pioneer in re- frigerated, fresh pet food and has become the leading brand in the United States, feeding over 12 million dog and cat households, with manufactur- ing facilities in Bethlehem, PA, and Ennis, TX. After extensive deliberation, they chose Bedminster as the ideal location for their petfriendly new home for 100 team mem- bers and their pets. The syn- ergy between Freshpet’s core values of nourishing pets, people and the planet, and those of the Bedminster com- munity, where open space and environmental stewardship are central to its ‘town and country’ ethos, was a drivin force in this decision. Jeff Garibaldi of The Garibaldi Group represent- ed Freshpet. ConnectOne Bank provided the construc- tion financing. Gladstone Design, Inc. provided civil engineering and site design, and Iron Hill Construction Management is serving as General Contractor. MAREJ
services partner in securing the optimal industrial space for its business expansion,” said Paster. “I have enjoyed a relationship with PDR for more than 10 years and am glad to be of service and a part of their continued success.” 1 Truman Dr. is located in close proximity to I-287, Exit 10 of the New Jersey Tpke., and Rtes. 27, 1 and 440. Located on 29.96 acres, the property totals 369,313 s/f, has 24-foot ceil- ings, 40 tailboards, a rail line, heavy power, wet sprinklers, and parking for 277 cars and 29 trailers. BRC announced its leased 15,000 s/f to Like New Products at 201 11th St. in Piscataway, a 45,000 s/f industrial building. Eric Koons , VP, of BRC represented the landlord, 256 Pacific Street LLC, and the ten - ant in the transaction. “It has been a pleasure to assist Like New Products with their relocation from their former Brooklyn, NY ware- house to their newly renovated headquarters at 201 11th St. in
Piscataway, NJ,” said Koons. “With its strategic location and competitive pricing, moving out of NYC was an easy choice for the company’s business expan- sion. We look forward to their continued growth and success in their new home.” 201 11th St. is a 45,000 s/f industrial property located near Rte. 22, 28 and I-287 with access to Exit 10 of the New Jersey Tpke. The property fea- tures 12-foot, 6-inch ceilings, two tailboards, three drive-in doors, wet sprinklers, 3,000 amps of power and 10 surface spaces. BRC leased 1,772 s/f at Hill- sborough Centre, 649 Rte. 206 in Hillsborough, a 87,054 s/f grocery-anchored shopping center, to SVRK LLC (Halal Meat Market). Chandler Vanderbeek , VP, and Connor Vanderbeek , VP, of BRC Retail Services represented both the owner, 3 Ronson LLC, and the tenant in the transaction. The restaurant is expected to open its doors in Jan. 2025. MAREJ
Fennelly Associates negotiates sale of 7,500 s/f mixed-use building in Hamilton for $1M
Rockefeller Group sells 147,000 s/f distribution center in Piscataway, NJ
HAMILTON, NJ — Fen- nelly Associates has negoti- ated the sale of a 7,500 s/f mixed-use building located at 2670 Nottingham Way in Ham- ilton for $1M. Jerry Fennelly, SIOR, president of Fennelly Associates and Patrick Din- trone, SIOR represented the owner in the transaction with the buyer, Comfort Keepers. 2670 Nottingham Way is a mixed-use building comprising of office, retail and warehouse space located near I-295. The property boasts 23 surface parking spaces, prominent signage, a bus stop located in front of the building,12’ clear
PISCATAWAY, NJ — Rockefeller Group has sold Constitution Logistics Center, a 147,000 s/f distribution cen- ter in Piscataway to Bridge Industrial . Located at 10 Constitution Ave. The KBC Advisors team of Marc Petrella and Michael Kimmel represented Rock- efeller Group on the transac- tion. ARCO Construction was the general contractor. The project is one mile from Exits 6 and 7 off I-287, pro- viding access to I-95 to the south and Rtes. 78 and 80 to
2670 Nottingham Way
the north. Rockefeller Group’s previous Piscataway project is located four miles from 10 Constitution Ave. Rockefeller Group acquired the 18-acre site in February 2023. MAREJ Constitution Logistics Center
ceiling heights in the office and retail portion of the build- ing and a 12’ 7’’ ceiling in the warehouse space. “The central NJ market con- tinues to see increasing demand from users across the healthcare and human services industries,”
said Fennelly. “We are happy to have connected our client with a buyer who will make a positive impact on the lives of residents in Hamilton and surrounding communities, and we wish Com- fort Keepers all the best with their new location.” MAREJ
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