14A — January 11 - 24, 2019 — M id A tlantic

Real Estate Journal


M id A tlantic R eal E state J ournal

Company leases approximately 100% of 100 Ryan Street in South Plainfield, NJ Bussel Realty brokers purchase of 144 Grant Street in Perth Amboy, New Jersey

ERTHAMBOY, NJ — Bussel Realty Corp. (BRC) , a leading in- dustrial real estate services firm in New Jersey, today announced its arranged the purchase of 144 Grant St. in Perth Amboy, a 62,000 s/f industrial building. Leo Esses , senior vice presi- dent of BRC, represented the buyer, Gourmet Nut, which bought the property for $4.6 million. The seller, Riverview Management LLC, was repre- sented in-house. "Gourmet Nut will receive a $12 million grant from the P

State of New Jersey for re- locating its operations from Brooklyn, which I also ar- ranged," noted Esses. “The company expects to create 100 new jobs.” Situated on four acres, 144 Grant St. is located near the New Jersey Tpke. at Exit 10 and Rte. 440 with access to the Outerbridge Crossing to Staten Island and Brooklyn. It is also minutes to the Garden State Pkwy. and Rte. 9 and 35. The property was built in 2017 and features 32’ ceiling heights, eight tailboards and one drive-in, ESFR sprinklers, and 50 free surface parking spaces. Bussel Realty Corp. an- nounced its leased the entirety of 100 Ryan St., a flex/incuba- tor business park, in South Plainfield, NJ. Sitting on four acres, 100 Ryan St. consists of two build- ings, totaling approximately 27,000 s/f each. The site was formerly a junk yard, which was environmentally cleaned and developed by a group headed by Steve Bussel, SIOR, president of BRC. “This site was a challenge to develop and took years to complete,” said Bussel. “The former buildings on the prop- erty were demolished and the site was environmentally re- mediated before construction could begin.” Piscitelli Brothers Con- struction , principals in the project, completed the con- struction in late 2017. Bussel and his firm, Bussel Realty Corp, commenced leasing and in approximately one year leased 100 percent of 100 Ryan Street to 27 companies. 100 Ryan St. consists of 18 units, approximately 1,500 square feet each, and nine units, approximately 3,000 square feet each. Each unit is completely self-contained with separate utilities, office space and bathrooms. Owner- ship is allowing smaller us- ers the opportunity to make short-term deals, with room for expansion. Many of the tenants at 100 Ryan Street are on-line, internet-related sales companies. About Bussel Realty Corp. With one of the largest dedi- cated industrial brokerage staffs in New Jersey, Bussel Realty Corp. is a leading in- dustrial real estate services firm located in Central New Jersey. 

144 Grant St.

100 Ryan St.

Vendela Bonner, Realtor PA and NJ PA Notary 7139-41 Germantown Ave. Philadelphia, PA 19119 Cell: 267-9134 | Office: 215-501-7200 Email: vb@itsagreatproperty.com www.itsagreatproperty.com

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