Bussel Brokers Purchase of 319 Ridge 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 319 Ridge Road in South Brunswick, New Jersey, a 121,361-square-foot industrial facility. The property was purchased by Colonna Brothers, Inc. at an undisclosed amount from 319 Ridge Road Associates LLC. Senior Vice Presidents Robert Sager and David Blitt of BRC represented the seller. Mark Tannen of United Realty Advisors represented the buyer.
Said Blitt, “The transaction proceeded very smoothly from start to finish, aided by great legal representation on both sides. The seller was represented by Martin Luskin and Beth Bernstein with Blank Rome. The buyer was represented by Melvin Tarnopol with Fox Rothschild LLP.”
319 Ridge Road features sections of 20’ to 30’ high ceilings, 42’ by 42’ column spacing, 17 tailboards and one drive-in. As a former tire distribution facility, the property’s high density wet sprinklers allow for goods to be stored over 20’ high. Its well-maintained façade and outside landscaping make it an ideal corporate image facility. Strategically located near Route 130, the New Jersey Turnpike at Exit 8A and Route 1, 319 Ridge Road provides immediate access to points north and south and is equidistant between Boston and Washington DC.
Colanna Brothers, Inc.
Colonna Brothers, Inc. was founded in 1918 by Dominic Colonna, who grated and packaged cheeses in a small grocery store. From these humble beginnings, the company evolved into a substantial food distribution company, servicing both consumers and the trade. Over time, Colonna Brothers, Inc. has grown to include other items such as pasta sauces, Italian specialty items, spices and sprinkles. All items are supplied to supermarket chains, distributors, specialty stores, food service companies and restaurants across the United States and abroad.
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.