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Bussel Realty Corp. reps tenant in 92,000-SF expansion
Jessica Perry//February 28, 2022//
A third-party logistics provider is expanding at the Heller Industrial Park, Bussel Realty Corp. announced Feb. 28.
The industrial and retail real estate services firm said it represented Taylored/FMI in its expansion of 92,140 square feet at 201 Mill Road, a 180,359-square-foot industrial property in Edison.
BRC President Steve Bussel represented the tenant, while the landlord — Heller Industrial Parks — was represented in-house.
“[A]fter a broad search in a New Jersey industrial marketplace where there are few available spaces, we located and closed a deal that best-positions Taylored/FMI’s business expansion,” Bussel said in a prepared statement.
The state’s industrial market is experiencing soaring demand, with low availabilities; for the fourth quarter of 2021, Avison Young reported vacancy rates hit a 20-year low of 2.3%.
Taylored/FMI is a fully integrated, 3PL provider that specializes in wholesale, retail, and direct-to-consumer unit fulfillment. Founded in New Jersey in 1992, the company currently occupied more than 3 million square feet.
