Bussel Brokers Sale Of 461 Ridge Road In South Brunswick, New Jersey To GDB International Inc.
EDISON, NEW JERSEY (April 30, 2013) – Bussel Realty Corp. (BRC), a leading corporate and industrial real estate services firm in New Jersey, today announced it has brokered the sale of 461 Ridge Road, in South Brunswick, New Jersey. The 146,750 sf facility was sold to GDB International Inc. (GDB), a global trading company specializing in plastics, paint, metals and paper, for $5.7 million. Senior Vice Presidents David Blitt and Robert Sager of BRC represented GDB in the transaction. The seller was GE Capital and was represented by Jones Lang LaSalle.
“461 Ridge Road, in addition to GDB’s existing 100,000 sf facility in New Brunswick, New Jersey, allows GDB to properly service their present East Coast business and real estate needs,” stated Blitt. “GDB currently owns and operates over 500,000 sf of industrial space throughout the US.” Blitt has represented GDB in two other previous transactions totaling over 250,000 sf of industrial space. “We are delighted to have the opportunity to represent such a successful and professional company”.
Positioned on 12.7 acres of land, 461 Ridge Road offers such features such as 22’ high ceilings, 22 tailboards, 3 drive-in boards and is located near Route 1 and the New Jersey Turnpike in Central New Jersey.
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 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 sf 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 sf of corporate and industrial real estate in New Jersey.
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