RAHWAY, NJ — Bussel Realty Corp. (BRC) announced the sale of 313 Regina Ave. in Rahway, a 256,000 s/f industrial facility, for $19.75 million.
BRC’s David Blitt, senior VP, Robert Sager, senior VP, and James Hodgkins, VP, represented the seller and Joel Katz of Katz & Sterling represented the buyer, (Art Scroll) 313 Regina Ave. LLC, in the transaction.
"While we were arranging the sale of 313 Regina Ave., our BRC team was also the leasing agent for the property,” said Blitt. “Prior to the deal closing we were able to lease the final remaining units, providing the new owner a 100% stabilized asset. We believe the solid NJ industrial market is a great investment for firms looking for stable returns.”