Bussel Brokers Purchase of 138 Georges Road, South Brunswick, New Jersey
EDISON, NEW JERSEY (MAY 20, 2014)– Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced it has brokered the purchase of 138 Georges Road in South Brunswick, New Jersey, a 102,108-square-foot industrial facility. The property was purchased by Modway East End Imports for an undisclosed amount from LIT Industrial Limited Partnership, a Clarion Partners property. Senior Vice Presidents David Posner, Robert Sager and David Blitt of BRC represented the purchaser. Clarion Partners was represented by Nate Demetsky of Jones Lang LaSalle.
“The Georges Road purchase is a good fit in Modway’s strategic growth plan, offering flexibility for the innovative fast growing company,” commented Blitt.
Sitting on 19 acres of land, 138 Georges Road is a 102,108-square-foot warehouse which features high 25’ ceilings, 40’ by 50’ column spacing, eight loading docks and one drive-in door with 2,108 square feet of office space. The property offers ample parking and plenty of acreage for expansion. Strategically located near Route 130, the New Jersey Turnpike at Exit 8A and Route 1, 138 Georges Road provides immediate access to points north and south and is equidistant between Boston and Washington DC.
Modway East End Imports is a wholesale furniture company headquartered in New York City. The firm designs and manufactures modern classic furniture with a look “that is always fresh, elegant, and exciting, but never out of style.” Modway’s goal is to offer the highest quality and most innovative furniture to dealers at the lowest prices possible.
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 individual memberships in the Society of Office & Industrial Realtors (SIOR). BRC provides leasing and sales brokerage services to users, corporate occupiers, landlords, owners and investors, representing millions of square feet 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 square feet of corporate and industrial real estate in New Jersey.