4-12-13

Mid Atlantic Real Estate Journal — April 12 - 25, 2013 — 3A

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M id A tlAntic R eAl e stAte J ouRnAl Property was purchased from owner, Wyckoff Associates Bussel brokers acquisition of 100,000 s/f industrial facilit C ARtEREt , nJ — Bussel Realty Corp. (BRC) , a leading in-

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dustrial real estate services firm in New Jersey, announced that it has represented Ever- flow Supplies, a leading dis- tributor of valves, heating components, plumbing spe- cialty and pipe products in New Jersey, in the acquisition of its new distribution head- quarters at 100 Middlesex Ave. The 100,000 s/f industrial property was purchased from owner, Wyckoff Associates . vice president Jordan Metz of BRC was responsible for the transaction. “Vacant for some time, 100 MiddlesexAvenue was an ideal opportunity for Everflow’s growing operations,” noted Metz. “I have represented Everflow’s real estate needs for years, and as it became ap- parent that the best business solution was to expand into a larger facility, we immediately set out to locate a property which would provide growth while remaining in close prox- imity to its current customer, vendor, and employee base. 100 Middlesex Avenue pro- vided every solution: high ceil- ings, abundant loading, offices, parking, and situated at an excellent location at Exit 12 of the New Jersey Turnpike, near to Port Newark and Central New Jersey. We are delighted to help them achieve their real estate goals.” The new owner plans on making several renovations and upgrades to the property as well. The property is stra- tegically located near several major roadways, including the New Jersey Turnpike, Routes 1 and 9, and proximate to Port Newark, Central New Jersey and Lower Manhattan. “We are excited to be moving into this well-located facility which will enable us to better serve our clients,” said owner David Templer of Everflow. “Jordan did an outstanding job of “frontloading” and complet- ing the entire due diligence process prior to ever going to contract on the property. By do- ing this, we assured the seller we were a qualified buyer, which led to a clear path for us to close the deal, even in spite of several last minute bids by other parties.” The City of Carteret was instrumental in the transaction, providing sup- port to all parties concerned