60 Liberty St. in Metuchen — Courtesy: Bussel Realty Corp.
By Joshua Burd
An investment firm has acquired a nearly 13,000-square-foot industrial building in Metuchen for $3.5 million, according to a brokerage team with Bussel Realty Corp.
The buyer, Sixty Liberty Holdings LLC, completed the deal at 60 Liberty St. as part of an expansion and investment strategy focused on well-located, functional industrial assets in central New Jersey, according to a news release. It expects the 12,500-square-foot building to support flex industrial operations, warehousing, distribution and long-term value growth, leveraging a location near Route 27, Route 1 and other corridors.
BRC’s Steve Jaynes, N. Rebecca Abraham and Doug Jaynes represented the seller, Liberty Street Realty LLC, and the buyer in the transaction.
“Industrial properties in strong infill markets like Metuchen continue to generate significant demand due to their proximity to major transportation corridors, population centers and the Port of New York/New Jersey,” said Steve Jaynes, an industrial specialist with the firm. “This transaction reflects the strength of the central New Jersey industrial market and the value buyers place on highly functional buildings with excellent access. We were pleased to represent Liberty Street Realty and help achieve a successful closing with a qualified buyer.”
