Bussel Realty Leases 22,000 SF at 1313 Livingston Avenue in North Brunswick

On Jun 9, 2016

Bussel Realty Corp. (BRC), a corporate and industrial real estate services firm in New Jersey, today announced its arranged a 22,000-square-foot lease transaction with Prograde Design, which is expanding its aluminum window manufacturing and assembly operations from Brooklyn to 1313 Livingston Avenue in North Brunswick, New Jersey.  Jordan Metz, vice president of BRC, was responsible for the 10-year deal and represented both Prograde Design and the landlord in the transaction.

“Working with my client, Michael Rubinstein, the owner of Prograde Design, was a pleasure and he was thrilled to expand his firm into quality industrial space at a lower rental rate as compared to the pricing Brooklyn is commanding,” Metz noted.  “With very few quality options available in the New Jersey industrial market, I was able to locate the ideal facility for his firm which will bring new jobs to the local market.”

As an active broker in the industrial market, in particular around the ports, Metz also completed a string of other recent transactions:

• 15,000-square-foot lease renewal at 509 Capolita Plaza in Rahway, New Jersey, representing the tenant, Grignard Company, a specialty chemical company, and the landlord, Seagis Property Group.
• 12,000-square-foot sublease transaction at 1416 East Linden Avenue in Linden, New Jersey, representing both the tenant and landlord.
• 12,000-square-foot lease at 1001 Roosevelt Avenue in Carteret, New Jersey, representing the tenant, BHB Trading, a cosmetics distributor with retail stores in New York City.
• 10,000-square-foot lease transaction at 1 West Baltimore Avenue in Linden, New Jersey, representing the tenant, Universal Parts, an auto parts distributor.
• 8,000-square-foot lease transaction in Raritan Center in Edison, New Jersey, representing the tenant, LGI Eyewear, a manufacturer and designer of high-end eyewear, and the landlord, Federal Business Centers.

“There is tremendous demand, largely coming from Brooklyn and the New York City boroughs, as these companies flock to New Jersey for comparably lower rental rates and transportation costs,” added Metz.  “The ports-proximate markets benefit from this as the most logical destination for these companies.”

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