Nozza and Cascio of Bussel Realty Broker Sale of 111 Somogyi Court in South Plainfield, New Jersey
EDISON, NEW JERSEY (June 27, 2016) – Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, today announced its arranged the sale of 111 Somogyi Court in South Plainfield, New Jersey, a 64,990-square-foot industrial asset.
BRC Senior Vice Presidents Stephen Nozza and John Cascio represented the owner, Vision Industries, which sold the property for $7.5 million. The buyer, Tyler Wayne LLC, was represented by Howard Weinberg of JLL.
“Vision Industries took advantage of strong market conditions in selling 111 Somogyi Court which was ideally suited for the new owner’s business,” noted Nozza. “Tyler Wayne LLC is expanding their operations from Alabama and will utilize the facility to service its clients in the metro area, in particular those in New York City.”
111 Somogyi Court is a 64,990-square-foot industrial building situated on 6.02 acres. The property features 3,000 square feet of offices, 20-foot clear ceiling heights, 10 tailboards, seven drive-ins and two rail doors for loading, and 1,200 amps of electric power. Its located in close proximity to Route 287 with connections to the New Jersey Turnpike, Route 1 and 440, as well as the Garden State Parkway.
About Vision Industries
Leading the fenestration industry with over 40 registered patents and a product line with over 4,000 window and door hardware parts and accessories, Vision Industries is headquartered in New Jersey, and has nearly 20 years of experience in product development, manufacturing and quality control. Vision Industries produces the most comprehensive line of high quality window and door operating hardware at competitive prices in a fast and reliable manner, while providing superior customer service and support.
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.