Bussel Realty Corp. (BRC), a leading industrial real estate services firm in New Jersey, announced its arranged the sale of 400 Federal Boulevard in Carteret, a 55,560-square-foot industrial property.
Leo Esses, senior vice president of BRC, represented an undisclosed buyer, which purchased the property for $5,142,500. The seller was 400 Federal Boulevard, LLC.
“I worked with my client for several years in order to locate the right property, in the right “limited” location, in order for them to qualify for a Grow New Jersey award which was approved for their operations,” noted Esses. “They will be relocating from Brooklyn, New York, and are in close proximity to New York City via highways and mass transportation.”
400 Federal Boulevard is located near Exit 12 of the New Jersey Turnpike, Port Newark/Elizabeth and Newark Liberty Airport. The property features 24-foot ceiling heights, two tailboards and two drive-in doors for loading, 800 amps of electric power, and 29 surface parking spaces.
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