The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, renewed a lease for the entire 80,000-square-foot warehouse at 141 Fieldcrest Avenue in Edison.
The MIG comprised of Jordan Metz, senior vice president, and Benito Abbate, sales associate, represented both the landlord and tenant in the 10-year lease renewal.
“We are thrilled to secure a new ten-year full-building lease, stabilizing the asset with an excellent credit tenant in a highly desirable industry (food distribution),” Metz said. “The Class A, free-standing 80,000-square-foot space has an approximately 20,000-square-foot cold-storage component, a coveted feature with almost zero available supply in the market. The property also features active rail service. We received multiple offers from various food companies in the brief time it was marketed, at which point we were able to quickly reach a deal with the existing tenant for a long-term lease renewal. The Metz Industrial Group is grateful to have exclusively represented the property’s ownership for the past approximately 15 years in a series of lease transactions.”
Situated on 4.4 acres, 141 Fieldcrest Avenue in Edison, is located near Exit 10 of the New Jersey Turnpike, Interstate-287, Routes 440 and 35, the Garden State Parkway, and the Outerbridge Crossing to Staten Island, New York. The property features approximately 20,000 square feet of freezer/cooler space, 8,000 square feet of corporate office space, 33-foot ceiling heights, 11 tailboards, one drive-in door, heavy power, and parking for 55 cars and 15 trailers.