Bussel Realty Arranges 50,422 SF Lease at 50-60 Parkway Place in Edison, New Jersey
EDISON, NEW JERSEY (June 9, 2015)- Bussel Realty Corp. (BRC), a leading corporate and industrial real estate services firm in New Jersey, today announced that Revolution Foods, Inc. has leased 50,422 square feet of industrial space at 50-60 Parkway Place in Edison, New Jersey.
BRC Senior Vice Presidents John Cascio and Stephen Nozza and Vice President Jordan Metz were responsible for the transaction and represented the owner, A. Panza & Sons. Cushman & Wakefield represented the tenant.
“50 Parkway Place is a quality asset in an excellent location that had mostly been marketed to food-related businesses," commented Metz. "Revolution Foods will utilize the existing infrastructure, including 9,000 square feet of freezer/cooler space, to complement their extensive build-out to a full scale food production and packaging facility. Ownership had upgraded all aspects of the property to make it relatively turnkey for a new tenant."
Totaling 50,422 square feet, 50-60 Parkway Place is a Class A free-standing industrial facility located in prestigious Raritan Center in Edison, New Jersey. The property offers 8,474 square feet of cooler/freezer space, 21-foot clear ceiling heights, seven loading docks, one drive-in, and ample car and trailer parking. The property is less than a mile to the New Jersey Turnpike at Exit 10, two miles from the Outerbridge Crossing to Staten Island and in close proximity to Route 440 and 9, and the Garden State Parkway.
About Revolution Foods Inc.
Revolution Foods was founded by two moms to transform the way America eats by providing access to healthy, affordable meals to schools. Revolution Foods believe that proper nutrition is a cornerstone of providing youth the nourishment they need to lead successful, healthy lives. Today Revolution Foods offer healthy meals in both schools and stores. The company serves over one million freshly prepared meals every week to K-12 schools nationwide and its retail products are available across the country.
About A. Panza & Sons
The Panza's start in the ice cream industry began in New York City in 1955, when two brothers, Angelo and Antonio Panza opened the first Carvel Ice Cream store in the Washington Heights section of Manhattan. John Panza, Angelo's son, worked at the store after school and on weekends and in 1960 became the manager. In 1962, the store was sold. However, Angelo and John still had a strong desire to stay in the ice cream business and, in 1964, opened the first Dairy Queen walk-in store in Brooklyn, New York. The following year, Angelo's youngest son, Vito, came into the family ice cream business. Now that Angelo and John have retired, Vito acquired the family business in 2007 with his two sons: Steven and Christopher; and also his daughter Jennifer. As with any entrepreneurs, the Panzas set out to increase sales at their retail store, and concentrated on selling take-home products at retail, as well as wholesale, to bakery and pastry shops. The basement of the store was the warehouse, and deliveries were made in a 1958 Volkswagen van that contained a built-in freezer. No one knew at that time that this tiny wholesale business in the basement of an ice cream store in Brooklyn, New York would one day become the business it is today.
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.