Richter Grusd of Sperry Van Ness Close 245,000 Square Feet
ISELIN, NJ – Sperry Van Ness | Richter Grusd, a commercial real estate brokerage firm serving New Jersey, announced the closing of two industrial transactions totaling 245,000 square feet. The New Jersey industrial properties are located at 122 Quentin Avenue in New Brunswick and 601 Prospect Street in Lakewood.
122 Quentin Avenueis a 172,000 square foot industrial building that was sold for $3,268,000. The Sellers, 122 Quentin LLC, are New York-based real estate investors and were represented by Doug Richter and Ian Grusd, Managing Directors of Sperry Van Ness | Richter Grusd. The Buyer, Healthy Food Brands, was represented by Ed Horne and Marty Kreiman of HK Commercial Realty Advisors.
“Healthy Food Brands is an international marketer of ‘better for you’ confections and chocolate including candies that are manufactured under the Angry Birds and Sunkist brands,” says Richter. “They are moving from Commack, New York and plan to create more than 250 new jobs in New Jersey.”
At 601 Prospect Street in Lakewood, CrystalWare LLC, one of the largest manufacturers and importers of disposable and janitorial products, signed a long term lease for 73,000 square feet. The tenant will be consolidating their warehouse operations from Brooklyn, New York and Edison, New Jersey into this property. No other brokers were involved in the transaction.
Managing Directors Doug Richter and Ian Grusd were both named Top 20 Advisors in the US by Sperry Van Ness International (SVNI) out more than 800 advisors nationwide. Additionally, a recent survey from The Lipsey Company reports that Sperry Van Ness was named as the 10th most recognized brand in commercial real estate nationwide.
For more information about these properties or Sperry Van Ness’ commercial real estate advisory services, contact Doug Richter or Ian Grusd at (732) 906-0505 or visit www.svn-rg.com.
About Sperry Van Ness
Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 800 advisors in over 130 locations. Sperry Van Ness delivers results for clients through a proven business model that immediately markets every one of its clients’ properties to the entire brokerage community. Based in Irvine, California, the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness’ gross sales volume totals billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit www.svn.com.