Real Estate Journal — New Jersey — July 13 - 26, 2018 — 17B
M id A tlantic
N ew J ersey
Bussel Realty leases 23,567 s/f at 1600 Lower Road in Linden Bussel Realty brokers purchase of 1776 South Second Street in Piscataway
ISCATAWAY, NJ — Bussel Realty Corp. (BRC) announced its arranged the purchase of 1776 South Second St. in Piscat- away, a 127,000 s/f industrial building, for $9.8 million. James Hodgkins , vice president of BRC, along with Progressive Realty repre- sented the buyer, Real Pro Piscataway. The seller, Gold American, LLC, was repre- sented by Preferred Indus- trial . "Real Pro Piscataway will utilize the facility as a long- term stabilization invest- ment," noted Hodgkins. "The property’s location and fea- tures were important to the company in best servicing its clientele in the area.” Sitting on 14 acres the in- dustrial property is located near Rtes. 28 and 22, and I-287 with access to Exit 10 of the NJ Tpke. The property features 2,000 s/f of offices, eight load- ing docks, two drive-in doors, 20-foot ceiling heights, free surface parking and 200 amps P
of power. In a separate transaction, BRC leased 23,567 s/f of in- dustrial space at 1600 Lower Rd. in Linden, a 213,918 s/f industrial property. David Blitt , senior vice president, and Peter Ander- son , vice president, of BRC represented the tenant, VNS Express. The owner, 1600 Lower Road Association LLC, was represented in-house in the transaction. “VNS will use the facil- ity for warehousing. The site is centrally located to serve customers at the ports, New York City and Northern New Jersey,” noted Anderson. 1600 Lower Rd. is located near Routes 1 and 9 with access to the New Jersey Turnpike and the Goethals Bridge to Staten Island and Brooklyn, New York. Sitting on 38.6 acres, the property totals 213,918 s/f and has 17- foot ceilings, 36 by 40 column heights, two drive-ins, 36 ex- tended loading docks and 200 amps of electric power.
In addition, Bussel Realty Corp.was named the agent for 120 Jersey Ave. in New Bruns- wick, a 100,000 s/f distribution facility. BRC senior vice president Leo Esses , vice president Su- zanne Tharaldsen , and sales associate Ilan Tabbouche will spearhead marketing the property which is available for sale or lease. “Located in a Grow NJ and UEZ Zone, 120 Jersey Ave. offers a great opportunity for mid-size and large users seeking a location with access to the New Jersey Turnpike, Route 1, and a 30-minute drive to the Ports,” commented Es- ses. “Companies relocating are eligible for unprecedented grants, financial incentives and tax credits for 10 years for those who qualify.” 120 Jersey Ave. totals 100,00 s/f with 11,748 s/f of office on two floors. The property has four tailboards, one drive-in, 14- to 24-foot high ceilings, 4,000 amps of power and 118 parking spaces.
1776 South Second St.
1600 Lower Rd.
CRE B rokerage and C onsulting
R eal E state I nvestments , M anagement and B rokerage
INVESTMENT SALES | COMMERCIAL SALES | COMMERCIAL LEASING
KISLAK COMMERCIAL REAL ESTATE SERVICES, INC.
THE KISLAK COMPANY, INC.
180 Mount Airy Road, Suite 209 Basking Ridge, NJ 908 360 8050
100 Woodbridge Center Drive Woodbridge, NJ 732 750 3000 661 Reading Avenue West Reading, PA 215 572 1946
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