Esses of Bussel Realty Brokers Sale of 400 Federal Boulevard in Carteret, New Jersey For $5 Million
EDISON, NEW JERSEY (April 18, 2017) – Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced its arranged the sale of 400 Federal Boulevard in Carteret, New Jersey, a 55,560-square-foot industrial property.
Leo Esses, senior vice president of BRC, represented an undisclosed buyer, which purchased the property for $5,142,500. The seller was 400 Federal Boulevard, LLC.
“I worked with my client for several years in order to locate the right property, in the right “limited” location, in order for them to qualify for a Grow New Jersey award which was approved for their operations,” noted Esses. “They will be relocating from Brooklyn, New York, and are in close proximity to New York City via highways and mass transportation.”
400 Federal Boulevard is located near Exit 12 of the New Jersey Turnpike, Port Newark/Elizabeth and Newark Liberty Airport. The property features 24-foot ceiling heights, two tailboards and two drive-in doors for loading, 800 amps of electric power, and 29 surface parking spaces.
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.