S hopping C enters N ew J ersey
Real Estate Journal — New Jersey — Section B
www.marejournal.com
M id A tlantic
Bussel Realty Corp. arranges 100,901 s/f transaction in East Brunswick, New Jersey Bussel brokers $7.7 million sale of a 110,000 s/f industrial facility in South Brunswick, NJ
OUTH BRUNSWICK, NJ — Bussel Realty Corp. (BRC) , an indus- trial real estate services firm in New Jersey, announced it has brokered the sale of 167 Black Horse Lane in South Brunswick, a 110,000 s/f in- dustrial facility. The property was sold for $7.7 million to Bruce Supply Corp. BRC se- nior vice presidents David Blitt and Robert Sager and vice president Peter Ander- son represented the seller, Les Sokoloff, in the transaction. S
ceiling heights, 1500 amps of electric power, nine tailboards and one drive-in, wet sprin- klers and 204-car parking. EAST BRUNSWICK, NJ — Bussel Realty Corp. (BRC), announced AYS Distribution has fully-leased 49 Sixth St. in East Brunswick, New Jer- sey, a 100,901 s/f industrial property. BRC senior vice president Leo Esses represented AYS Distribution in the transac- tion. The owner, Hasselson, was represented by Chuck Fern of Cushman & Wake- field . “AYS Distribution expanded from 60,000 square feet in its former location in Raritan Center,” said Esses. “At its new location, AYS will also provide for the owner’s 3PL and distribution needs, mak- ing this a win-win scenario for both parties.” AYS Distribution is relocat- ing fromKeasbey, New Jersey. 49 Sixth St. is a 100,901 s/f in- dustrial warehouse sitting on 12.13 acres. The property fea- tures 24-foot high ceilings, 12 loading docks and one drive-in door, wet sprinklers, 40-foot by 40-foot column spacing, and 30 surface parking spaces. n
167 Black Horse Lane
MARCH 11 - 24, 2016
HI-LIGHTS
SPOTLIGHT Northern NJ 5-14B 5B Denholtz Associates purchases 83,258 s/f, 4-story office bldg. Mu l t i f ami l y ou t - look: “Investment demand following demographic shifts”
49 Sixth St. “The sale of the facility allows the former owner, Federation Distribution, the flexibility of providing additional services to their growing customer base in its new larger facility.”
“Bruce Supply, a 30-plus year old supplier to the New York metro area plumbing industry, will use the facility to strategically service their growing clientele,” said Blitt.
Sitting on 11.40 acres of land, 167 Black Horse Lane is in close proximity to Route 1, 130 and Exit 8A of the New Jersey Turnpike. The property has 4,000 s/f offices, 24-foot
Industrial Investments leases 65,390 s/f of ind. space to Delaware Valley Floral Group inWest Deptford, NJ
WEST DEPTFORD, NJ — Industrial Investments, Inc. of Blue Bell, PA an- nounced that it has recently signed a new long term lease for 65,390 s/f of industrial space with the Delaware Valley Floral Group at its newest building located in the Forest Park Corporate Cen- ter at 1230 Forest Parkway, West Deptford. An affiliate of Industrial Investments purchased the vacant 1230 Forest Parkway in early Feb- ruary. 1230 Forest Parkway is a 109,620 s/f light indus- trial/warehouse building with 26’ clear ceilings, 18 tailgate doors, ESFR sprinklers, and T-5 lighting with motion sensors. Following the lease
By Brian Whitmer, Cushman & Wakefield
with Delaware Valley Floral Group, Industrial Invest- ments has 44,230 s/f remain- ing for lease at the property. This location will serve as a new warehouse and distri- bution center for Delaware Valley Floral Group, who is an industry leader in the wholesale flower industry. Over the past 50 years, the
6B
1230 Forest Parkway
ALSO INSIDE Land Dev. Summit..........12-13B Company News................... 16B CREW NJ.............................. 17B www.marejournal.com
Delaware Valley Floral Group has grown into one of the largest floral distribution and logistics companies in the United States. Michael Bown , project manager and principal of
Industrial Investments, Inc., represented the property’s owner in the transaction. Delaware Valley Floral Group was represented by Scott Mertz, SIOR , president of NAI Mertz . n
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