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Bussel Brokers Warehouse Sale, Lease

CARTERET, NJ-A private investor picked up the 50,000-square-foot property for over $3 million and secured American Food and Export Service as a tenant.

By Alyson Grala | Updated on April 02, 2010

CARTERET, NJ-Edison-based Bussel Realty recently sold a 50,000-square-foot warehouse for $3.75 million at 1100 Milik St. here.

The property, which sits on 4.4 acres, was built in 1981 and features seven loading docks, high ceilings, heavy power and modern offices. The buyer, a private investor, concurrently executed a long-term lease with American Food and Export Service, a food packaging company that is relocating and expanding its operation from South Plainfield. Jordan Metz, vice president at Bussel, negotiated both the purchase and the new lease. He could not disclose the lease rate.

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