Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, said June 28 that it represented the sale of an industrial building in New Brunswick.
Located at 594 Jersey Ave., the asset is a 69,300-square-foot structure located in an Urban Enterprise Zone and Opportunity Zone near Routes 1, 130, the New Jersey Turnpike. The property features 14- to 25-foot ceiling heights, nine tailboards, three van high doors, air-conditioned offices, heavy power and sits on 5 acres.
BRC President Steve Bussel represented the seller, a private partnership managed by Bussel. Senior Vice President Leo Esses, along with KSR Real Estate from New York, represented the buyer, VHF 594 LLC, in the transaction.
“In this very tight industrial market, where demand clearly exceeds supply, we were able to further our client’s business interests in the purchase of 594 Jersey Ave., with its ideal location near major highways including the New Jersey Turnpike,” noted Esses.