NJ/PA Deal Tracker, Week of December 29, 2014

Sales

PLAINFIELD, NJ–Bussel Realty Corp. has brokered the sale of 1280 North Avenue in Plainfield, New Jersey, a 19,400-square-foot industrial facility. The property was purchased by 1280 North Avenue Associates for $1.45 million from TJK Associates, a client of BRC executive vice president Gregory Irving, SIOR, for more than 25 years.  Irving and BRC vice president Manny Judah were responsible for the transaction and represented the seller.  Cresa New Jersey represented the buyer. 1280 North Avenue is a fully-leased 19,400 square foot industrial property with 18′ ceiling heights, 40-foot by 40-foot column spacing, two loading docks and two drive-in doors.  The property offers access to Routes 28 and 22, and is in close proximity to I-78.