Metz of Bussel Realty Corporation completes over 540,000 s/f of industrial transactions
EDISON, NJ — Jordan Metz, senior vice president of Bussel Realty Corp (BRC), a leading industrial real estate services firm in New Jersey, recently completed over 540,000 s/f of industrial deals, totaling more $33 million in transaction value.
Metz represented Everflow Supplies in the purchase of a 260,000 s/f industrial property at 2300 East Boardin Rd. in Dallas, TX. The company is based in Linden, NJ, and expanded its operations with the new location in Dallas.
Metz also arranged the sale of 400 South Second St. in Elizabeth, NJ, a 115,078 s/f industrial building. He represented the former owner, RLFI-B SPE, LLC. SNR Holdings LLC purchased the property for $13,233,970.
Metz and Eduard Skutelsky, vice president, of BRC represented an undisclosed seller in the sale of Fairfield Industrial Park LLC, a nine-building industrial park totaling 165,000 s/f and located at 912 Rte. 33 in Freehold, NJ. The buyer, Fairfield Industrial Park LLC, purchased the property for $7.5 million and was represented by Imperial Real Estate.
Metz noted, “With a continued lack of inventory being coupled with an almost insatiable demand for industrial product, investors and users alike are looking to make sense of any, and all, opportunities. Look for pricing to continue to rise, as demand is far outweighing supply as an understatement.”