SOUTH BRUNSWICK, NJ—Federation Distribution, a third party logistics firm, has sold 167 Black Horse Lane in South Brunswick, NJ, a 110,000-square-foot industrial facility, to Bruce Supply, a plumbing industry supplier, for $7.7 million.
Bussel Realty Corp. senior vice presidents David Blitt and Robert Sager and vice president Peter Anderson represented Federation's owner, 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,” says 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.”
Occupying 11.4 acres, 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.
SOUTH BRUNSWICK, NJ—Federation Distribution, a third party logistics firm, has sold 167 Black Horse Lane in South Brunswick, NJ, a 110,000-square-foot industrial facility, to Bruce Supply, a plumbing industry supplier, for $7.7 million.
Bussel Realty Corp. senior vice presidents David Blitt and Robert Sager and vice president Peter Anderson represented Federation's owner, Les Sokoloff, in the transaction.
“Bruce Supply, a 30-plus year old supplier to the
Occupying 11.4 acres, 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.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
