200 Federal Blvd. in Carteret — Courtesy: Bussel Realty Corp.
By Joshua Burd
A four-acre industrial development site in Carteret has changed hands, under a newly announced transaction by Bussel Realty Corp.
The brokerage firm represented Federal Boulevard 2019 LLC in the sale of 200 Federal Blvd., which sits near Exit 12 of the New Jersey Turnpike. BRC President Steve Bussel brokered the transaction with the undisclosed buyer, touting the site’s proximity to Route 1 and 9, Port Newark-Elizabeth, Newark Liberty International Airport and the Goethals Bridge.
“The location of the site sitting across from the New Jersey Turnpike near the heart of the ports industrial submarket made it very attractive to real estate investors,” Bussel said. “The site has potential for industrial development with great access to major highways, the ports and Newark Liberty Airport.”
Terms were not disclosed.