Bussel Brokers Sale Of 167 Black Horse Lane, South Brunswick, New Jersey
EDISON, NEW JERSEY (February 23, 2015) – Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced it has brokered the sale of 167 Black Horse Lane in South Brunswick, New Jersey, a 110,000-square-foot industrial facility. The property was sold for $7.7 million to Bruce Supply Corp. BRC Senior Vice Presidents David Blitt and Robert Sager and Vice President Peter Anderson represented the seller, Les Sokoloff, in the transaction.
“Bruce Supply, a 30-plus year old supplier to the New York metro area plumbing industry, will use the facility to strategically service their growing clientele,” noted Blitt. “The sale of the facility allows the former owner, Federation Distribution, the flexibility of providing additional services to their growing customer base in its new larger facility.”
Sitting on 11.40 acres of land, 167 Black Horse Lane is in close proximity to Route 1, 130 and Exit 8A of the New Jersey Turnpike. The property has 4,000-square-foot offices, 24-foot ceiling heights, 1500 amps of electric power, nine tailboards and one drive-in, wet sprinklers and 204-car parking.
About Bruce Supply Corp.
Bruce Supply Corp. has been serving the plumbing industry in New York City and its surrounding area for over 30 years.
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.