Bussel Realty Corp. on Wednesday said it leased the entirety of a 160,000-square-foot industrial building in Union to Eastern Coach Co.
Located at 601 Lehigh Ave., the property is located near Port Newark/Elizabeth and Exit 13 of the New Jersey Turnpike. It features 11,385 square feet of offices, 32,000 square feet of outdoor storage, 16-foot ceilings, multiple tailboards and drive-in doors for loading, wet sprinklers, heavy power and 150 parking spaces.
Jordan Metz, senior vice president, Eric Koons, vice president, and Benito Abbate, sales associate, of BRC represented the landlord, 601 Lehigh Avenue LLC. The tenant was represented by Lee & Associates in the transaction.
“601 Lehigh Ave offered a hybrid of functional warehouse space with heavy excess outdoor parking, situated on over 7 acres of land in one of the most densely populated and supply-constrained markets in the country,” Metz said. “Our targeted marketing campaign led to multiple lease offers, enabling us to leverage the market demand to optimize deal terms for ownership. The tenant, Eastern Coach Co., recently received site plan approval to fully renovate and utilize the site for its bus and coach business, providing a critical benefit to the local New Jersey communities it services.”