Bussel Brokers Acquisition of 100,000-SF Industrial Facility By Everflow
EDISON, NEW JERSEY (APRIL 8, 2013)– Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced that it has represented Everflow Supplies, a leading distributor of valves, heating components, plumbing specialty and pipe products in New Jersey, in the acquisition of its new distribution headquarters at 100 Middlesex Avenue in Carteret, New Jersey. The 100,000-sf industrial property was purchased from owner, Wyckoff Associates. Vice President Jordan Metz of BRC was responsible for the transaction.
“Vacant for some time, 100 Middlesex Avenue 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 apparent 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 proximity to its current customer, vendor, and employee base. 100 Middlesex Avenue provided every solution: high ceilings, 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 strategically 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 completing the entire due diligence process prior to ever going to contract on the property. By doing 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 support to all parties concerned throughout the entire due diligence and sales process.
Mayor Reiman stated, “Carteret has become a vibrant hub of economic activity – with our location, our business recruitment agenda, and a business-friendly administration; the relocation of Everflow to Carteret represents our efforts towards commercial redevelopment in Carteret, and the establishment of a hospitable new home for businesses. We wish Everflow much success in their new location, and welcome them to Carteret’s business community.”
With the relocation, Everflow will expand from its former facility at 2401 East Linden Avenue in Linden, New Jersey, bringing existing employees and hiring several new workers for its new Carteret location. Jordan Metz of BRC will also market the 65,000 sf of industrial space being vacated by Everflow at its former Linden location. 2401 East Linden Avenue is an 85,000 sf industrial facility, featuring 22’ high ceilings, 9 loading docks, 1 oversized drive-in door, new T8 lighting, new HVAC system, new roof with solar panels, and 3,000 sf of newly-renovated office space. Its location provides immediate access to the major transportation arteries, including the New Jersey Turnpike, Routes 1 and 9, and proximate to Port Elizabeth/Newark, Newark Liberty International Airport, Central New Jersey and Lower Manhattan.
About Bussel Realty Corp.
With one of the largest dedicated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a leading industrial real estate services firm, located in Central New Jersey with an individual membership in the the Society of Office & Industrial Realtors (SIOR). Bussel Realty provides leasing and sales brokerage services to users, corporate occupiers, landlords, owners and investors, representing more than a million s.f. of property and tenant client assignments annually. The firm’s clients have included several of the largest Fortune 500 Companies, as well as numerous manufacturing, distribution, and services companies both nationally and locally. Currently, BRC is handling in excess of three million s.f. of corporate and industrial real estate in New Jersey.