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Best of 2019 - Largest Acquisition - Bussel Realty Corp


Bussel Realty Corp 1001 Roosevelt Ave, Carteret, NJ 97,000 s/f

Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced it has arranged the sale of 1001 Roosevelt Avenue in Carteret, NJ, to Seagis Property Group for an undisclosed amount. Sitting on 3.67 acres, 1001 Roosevelt Avenue is a multi-tenanted industrial building totaling approximately 97,000 SF. Steve Bussel, president of BRC, SIOR, represented the seller. Seagis Property Group was represented by Jordan Metz, senior vice president of BRC. “E-commerce and the “Amazon-effect” have shifted consumer behavior, creating a major paradigm-shift in the retail (now e-tail) landscape. Simply put: we buy more and more online and that’s not slowing down. The subsequent demand for last mile warehouse space for swift delivery of these online purchases has continued to soar, outpacing any conceivable levels of current supply. READ MORE

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