PISCATAWAY, NJ—East Coast International Tire Group pumped up its distribution network with the acquisition of an industrial property at 150 Ethel Road West, Piscataway, NJ, for $4.125 million.
Bussel Realty Corp. president Steve Bussel, SIOR, president of BRC, and Anthony Mircovich, vice president, represented the seller, Preferred Management. Resource Realty of North Jersey represented the buyer, East Coast International Tire Group.
“East Coast Tire is expanding its operation into New Jersey from Long Island at this new location in Piscataway, in order to better service its Metro New York customers,” says Bussel. “The property's image quality and easy access to major highways for reaching customers was the key as well as its 25,000-square-foot expansion capabilities.”
150 Ethel Road West is a 33,000-square-foot industrial property, located near I-287, Route 1, and Exit 10 of the New Jersey Turnpike. The property is a corporate image building with 20-foot ceiling heights, 3,000 square feet of offices, four tailboards and one oversized drive-in door for loading, and heavy power.
East Coast International Tire Group, headquartered in Maspeth, NY, is a manufacturer, direct import and wholesaler of tire products.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.