The Metz Industrial Group of Bussel Realty Corp. brokered the renewal of a lease for 35,000 square feet at 2020 S. Stiles St. in Linden, a 54,940-square-foot industrial property, with AEX Group, according to a Tuesday announcement.
The MIG, comprised of Jordan Metz, senior vice president, and Benito Abbate, sales associate, represented the landlord, Linden Warehouse & Distribution Co., in the five-year renewal.
“Commanding immediate interest from multiple tenants, the functional layout and strategic location of 2020 S. Stiles St. drew multiple offers in a short span,” Abbate said. “The existing tenant signed a long-term renewal, enabling them to continue offering last-mile logistic services in northern New Jersey, and stabilizing the asset at a rate consistent with the current market. Metz Industrial Group is delighted to work with a landlord such as Linden Warehouse and wish AEX Group continued success in their national growth.”
The property is located near Route 1-9, Exit 13 of the New Jersey Turnpike, Newark Liberty International Airport, Port Newark/Elizabeth and the Goethals Bridge to Staten Island, New York. It features 2,500-square-foot offices, 18-foot ceiling heights, four tailboards, two drive-in doors, dry sprinklers, 200-400 amps of power, and is situated on 1.8 acres.
