Edison-based Bussel Realty Corp. (BRC), an industrial real estate services firm, today announced it has brokered the sale of 167 Black Horse Lane in South Brunswick, a 110,000-square-foot industrial facility. The property was sold for $7.7 million to Bruce Supply Corp. BRC Senior Vice Presidents David Blitt and Robert Sager and Vice President Peter Anderson represented the seller, Les Sokoloff, in the transaction.
“Bruce Supply, a 30-plus year old supplier to the New York metro area plumbing industry, will use the facility to strategically service their growing clientele,” noted Blitt. “The sale of the facility allows the former owner, Federation Distribution, the flexibility of providing additional services to their growing customer base in its new larger facility.”
Sitting on 11.40 acres of land, 167 Black Horse Lane is in close proximity to Route 1, 130 and Exit 8A of the New Jersey Turnpike. The property has 4,000-square-foot offices, 24-foot ceiling heights, 1500 amps of electric power, nine tailboards and one drive-in, wet sprinklers and 204-car parking.Related Articles: