Metz of BRC to Market Food Production Facility in Linden
EDISON, NEW JERSEY (August 11, 2014)– Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced that Vice President Jordan Metz will market the sale of 2345 East Linden Avenue, in Linden, New Jersey. 2345 East Linden Avenue is a 42,000-square-foot fully-functional bakery facility, situated two streets parallel to Route 1-9, in one of the most highly-sought after industrial locations in New Jersey near Port Newark/Elizabeth.
The facility offers 22-foot ceilings, 21,000 square feet of warehouse space, six loading docks, two grade- level drive-in loading doors, 3000 square feet of freezer and cooler space, and an efficient, well-designed floor plan. It is available for the first time in many years. The existing owner/occupant is relocating and expanding its large-scale bakery operation into another facility. The property is ideal for any number of food production applications. It is outfitted with floor drains, exhaust and air venting systems, and a custom-designed water filtration system that filters water from the production process and is connected to the municipal sewer. The property has been used as a food production facility for well over a decade.
Additionally, Metz is marketing the adjacent 21,000-square-foot warehouse and service garage situated on 2.1 acres. The property, which sits contiguous to the bakery facility, is also available for sale. This would allow a user to acquire both sites and have a substantial +/- 4-acre lot for trailer parking, additional loading docks, and/or for future expansion of the bakery facility.
With many food companies in the market, Metz expects to have tremendous interest. "I have had the good fortune of handling two other food distribution facilities over the last several years. Based upon the level of past interest from companies looking for food production facilities, with features such as floor drains, ventilation, heavy power, etc., I expect significant interest from users located in and outside of the state.”
Aside from its modern production and distribution features, the property boasts an excellent location. It sits less than one minute from Route 1-9, and has immediate access to the New Jersey Turnpike at Exit 13A. The property is in close proximity to Port Newark/Elizabeth and Newark Liberty Airport, and 25 miles from Manhattan. “For companies looking to lower their expenses and move from Brooklyn, it provides immediate access to the Goethals Bridge. There is little inventory of quality buildings for sale, and with interests rates still so low, it makes financial sense for a company to own versus lease," Metz continued.
“By pairing the 42,000-square-foot bakery facility with the adjacent 2.1 acre site, the existing bakery or parking could be expanded. This is a market where buildings with high ceilings, proper loading docks, and ample parking, do not sit vacant very long. Occupancy rates have remained very strong in the Linden market due to its proximity to major roadways, the ports, etc. And much-needed new development is onlynow being delivered to the market and will only satisfy a segment of the demand for larger users,"Metz continued. Metz has also served as leasing agent for the property next door at 2401 East Linden Avenue for the past eight years, and has maintained the property at near full occupancy.
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.