Small Bay Daily - February 27 - BRC sells industrial property in Somerset, NJ for $13.865M

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NEWS ROUNDUP

DISPOSITION: BRC sells industrial property in Somerset, NJ for $13.865M. Bussel Realty Corp. (BRC) has brokered the sale of 400 Cottontail Lane in Somerset, New Jersey. The property features a 55,000 SF industrial building. The buyer was Mack Boring & Parts Co. Gregory Irving and Steve Jaynes with BRC represented the seller, HSU Property Holdings.

DISPOSITION: NAI Capital sells small bay in Los Angeles, CA for $9.79M. NAI Capital Commercial has facilitated the sale of 13030 Raymer Street in North Hollywood, California. The property features a 30,000 SF industrial building. Chad Gahr with NAI Capital represented the seller, 13030 Raymer LLC. Daniel O’Neil and Parker Jones with Rancho Realty Group LLC represented the buyer, TipTop Restoration Inc. TipTop is owned by Dan Reichman.

ACQUISITION: B&D buys midbay industrial building in Atlanta MSA. B&D Holdings has acquired 13941 and 13961 Veterans Memorial Highway in Winston, Georgia. The property features a 53,679 SF warehouse. The B&D deal team included Andrew Brunetto, Robert Logan, and Amy Repole. Bobby Norwood, Max Custer, and Hunter Rich with JLL brokered the sale.

LEASE SIGNED: CushWake leases small bay space in Fairfield, NJ. Cushman & Wakefield has now fully leased 25 Commerce Road in Fairfield, New Jersey. The firm has arranged 5 new leases and 1 lease renewal for a total of 64,000 SF. This brings the 103,008 SF industrial property to full occupancy. Torsten Thaler and Tom Tucci with CushWake represented the landlord, Venture One, in the transactions.

LEASE SIGNED: Lee & Associates leases small bay space in DFW metro area. Lee & Associates has facilitated the leasing of 6,350 SF at 701 East Plano Parkway in Plano, Texas. Jessica Reinhardt and Susan Cancemi with Lee & Associates Dallas-Fort Worth represented the landlord in the transaction. Michael Thum with The Retail Connection represented the tenant, JLA Treasures LLC.

READ: Small bay rents hit affordability limits in the U.S.’s priciest markets.

SMALL BAY PROPERTIES FOR SALE

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18,125 SF | 1.08 AC | (15) 1,200 SF Bays | 3 Parking Space per Bay | Extra Parking in Back of Lot | Recently Completely Renovated | 12’ Bay Doors | I-2 Heavy Industrial Zoning | Close to Downtown Gainesville, Gainesville Regional Airport, and I-75

For Sale and Lease | 94,227 SF | Metal Warehouse with 3+ AC of Outdoor Storage | (3) 2-Ton Cranes | Up to 20’ High Ceilings | Close to I-95 and Raleigh

For Sale and Lease | 40,000 SF Total | 1.98 AC | 1 Dock Door and 1 Office Suite per Property | Close to Spaulding Turnpike and I-95

SMALL BAY PROPERTIES FOR LEASE

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Buildings 1 and 2: 15,000 SF Each with 9’x10’ Loading Dock, Multiple 12’x16’ Drive-in Doors, and 24’ Clear Heights | 10170 Bellwright Suite B: 5,080 SF with 17’ Eave Height, 20’6” Clear Height, (1) 12’x12’ Drive-in Door, and 3-Phase Power

12,000 SF | (3) 12'x14' Grade-Level Doors | 3-Phase Power | 24' Clear Height | Great Access to US-290 and Beltway 8

5,905 SF | 1 Unit Available | 1 Shared Dock Well | 12’x’14’ Grade-Level Door | Quick Access to I-15 and SR-201

ONE MORE THING

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