PISCATAWAY, NJ — Bussel Realty Corp. (BRC) announced its arranged the purchase of 1776 South Second St. in Piscataway, a 127,000 s/f industrial building, for $9.8 million.
James Hodgkins, vice president of BRC, along with Progressive Realty represented the buyer, Real Pro Piscataway. The seller, Gold American, LLC, was represented by Preferred Industrial.
"Real Pro Piscataway will utilize the facility as a long-term stabilization investment," noted Hodgkins. "The property’s location and features were important to the company in best servicing its clientele in the area.”
Sitting on 14 acres the industrial property is located near Rtes. 28 and 22, and I-287 with access to Exit 10 of the NJ Tpke. The property features 2,000 s/f of offices, eight loading docks, two drive-in doors, 20-foot ceiling heights, free surface parking and 200 amps of power.
In a separate transaction, BRC leased 23,567 s/f of industrial space at 1600 Lower Rd. in Linden, a 213,918 s/f industrial property.
David Blitt, senior vice president, and Peter Anderson, vice president, of BRC represented the tenant, VNS Express. The owner, 1600 Lower Road Association LLC, was represented in-house in the transaction.