Metz of Bussel Realty Completes Over 540,000 Sq. Ft. of Industrial Transactions
EDISON, NEW JERSEY (June 21, 2017) – Jordan Metz, senior vice president of Bussel Realty Corp (BRC), a leading industrial real estate services firm in New Jersey, recently completed over 540,000 square feet of industrial deals, totaling more $33 million in transaction value.
Metz represented Everflow Supplies in the purchase of a 260,000-square-foot industrial property at 2300 East Boardin Road in Dallas, Texas. The company is based in Linden, New Jersey, and expanded its operations with the new location in Dallas.
Metz also arranged the sale of 400 South Second Street in Elizabeth, New Jersey, a 115,078-square-foot industrial building. He represented the former owner, RLFI-B SPE, LLC. SNR Holdings LLC purchased the property for $13,233,970.
Metz and Eduard Skutelsky, vice president, of BRC represented an undisclosed seller in the sale of Fairfield Industrial Park LLC, a nine-building industrial park totaling 165,000 square feet and located at 912 Route 33 in Freehold, New Jersey. The buyer, Fairfield Industrial Park LLC, purchased the property for $7.5 million and was represented by Imperial Real Estate.
Metz noted, “With a continued lack of inventory being coupled with an almost insatiable demand for industrial product, investors and users alike are looking to make sense of any, and all, opportunities. Look for pricing to continue to rise, as demand is far outweighing supply as an understatement."
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.