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AI Group handles deals totaling 96,772 SF throughout CNJ

AI Group handles deals totaling 96,772 SF throughout CNJ

CENTRAL NJ — The Advance Industrial Group of Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced the following transactions in Central NJ:


Bussel Realty Corp. leased five acres of industrial outdoor storage space at 121 First Ave. in Hamilton, on behalf of Acertus Transportation.


Acertus Transportation was represented by Anthony Rittwager, senior VP, and Matthew Phillips, director of asset services, of the Advance Industrial Team at BRC. The landlord, BDA Hamilton, was represented by Commercial Realty Partners (CRP).


“The closing of 121 1st Ave. in Hamilton, NJ is yet another testament to our team’s expertise in delivering exceptional service to clients on a national level. This strategic location was negotiated to a close after a thorough assessment of the client’s existing logistics operations, ensuring optimal efficiency and alignment with their national objectives,” said Rittwager.


BRC subleased 80,000 s/f at 1 Truman Dr. in Edison, a 369,313 s/f industrial building, on behalf of Packaging Distribution Resources.


David Paster, VP, and David Blitt, senior VP, of BRC represented Packaging Distribution Resources in the transaction. The sublandlord, RXO Inc., was represented by RE Perry.

“It was a pleasure working with PDR as their real estate services partner in securing the optimal industrial space for its business expansion,” said Paster. “I have enjoyed a relationship with PDR for more than 10 years and am glad to be of service and a part of their continued success.”


1 Truman Dr. is located in close proximity to I-287, Exit 10 of the New Jersey Tpke., and Rtes. 27, 1 and 440. Located on 29.96 acres, the property totals 369,313 s/f, has 24-foot ceilings, 40 tailboards, a rail line, heavy power, wet sprinklers, and parking for 277 cars and 29 trailers.


BRC announced its leased 15,000 s/f to Like New Products at 201 11th St. in Piscataway, a 45,000 s/f industrial building.


Eric Koons, VP, of BRC represented the landlord, 256 Pacific Street LLC, and the tenant in the transaction.

“It has been a pleasure to assist Like New Products with their relocation from their former Brooklyn, NY warehouse to their newly renovated headquarters at 201 11th St. in Piscataway, NJ,” said Koons. “With its strategic location and competitive pricing, moving out of NYC was an easy choice for the company’s business expansion. We look forward to their continued growth and success in their new home.”


201 11th St. is a 45,000 s/f industrial property located near Rte. 22, 28 and I-287 with access to Exit 10 of the New Jersey Tpke. The property features 12-foot, 6-inch ceilings, two tailboards, three drive-in doors, wet sprinklers, 3,000 amps of power and 10 surface spaces.


BRC leased 1,772 s/f at Hillsborough Centre, 649 Rte. 206 in Hillsborough, a 87,054 s/f grocery-anchored shopping center, to SVRK LLC (Halal Meat Market).


Chandler Vanderbeek, VP, and Connor Vanderbeek, VP, of BRC Retail Services represented both the owner, 3 Ronson LLC, and the tenant in the transaction. The restaurant is expected to open its doors in Jan. 2025.

September 17, 2024 at 8:30:03 PM

MAREJ

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