Bussel Brokers Sale Of 50 Camptown Road in Maplewood, New Jersey
EDISON, NEW JERSEY (October 14, 2015) – Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced it has brokered the sale of 50 Camptown Road in Maplewood, New Jersey, a 89,503-square-foot distribution facility.
The property sold for $6.5 million to Exeter Property Group, a leading real estate investment manager. The seller was Lehrhoff Urban Renewal Corp. Bussel Realty Corp Senior Vice Presidents David Blitt and Robert Sager and Vice President Peter Anderson represented both the buyer and seller in the transaction.
This is the brokerage team’s third transaction with the seller and BRC’s third sales transaction on the street in the last six months.
Located on nearly five acres, 50 Camptown Road is a 89,503-square-foot industrial property with 22-foot ceilings, eight tailboards and two drive-ins, wet sprinklers and 80-car parking. It is 15 minutes to Port Newark/Elizabeth and in close proximity to Route 24, I-78, the Garden State Parkway, and New Jersey Turnpike.
About Exeter Property Group
Exeter Property Group is a real estate investment manager focused on industrial single-assets, portfolios and whole loans across North America and Europe. As hands-on operators, Exeter Property Group acquires, develops and manages big box warehouse, multi-tenant logistics and business park properties out of multiple regional offices.
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.