BUSSEL BROKERS SALE OF 475 JERSEY AVENUE IN NEW BRUNSWICK, NEW JERSEY
EDISON, NEW JERSEY) Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced it has brokered the sale of 475 Jersey Avenue, New Brunswick, New Jersey, a 185,000 s.f. multi-tenanted industrial facility. The property was sold for $4.6 million to an undisclosed buyer. Senior Vice President Earl Lapides of BRC represented the owner, Don Gatarz in the transaction.
“As a fully-occupied, functional industrial facility, 475 Jersey Avenue was an ideal investment for this buyer who was seeking an equity presence in the lucrative New Jersey industrial market,” commented Earl. “We are delighted to have arranged this sale on behalf of our client and know the property represents an outstanding investment for our buyer.”
Sitting on 14 acres of land, 475 Jersey Avenue offers building features such as high ceilings, dry sprinklers, 8 bridge cranes, heavy power, rail service off of a Conrail main rail line as well as 8 tailboards and 6 drive-in doors. Located near Routes 1 and 18 and the New Jersey Turnpike, the property provides a strategic location for industrial users 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 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.