141 Fieldcrest Ave. in Edison — Courtesy: Bussel Realty Corp.
By Joshua Burd
A food distributor has renewed its lease at an 80,000-square-foot industrial building in Edison, in a newly announced deal by Bussel Realty Corp.
Brokers with the firm represented both parties in the transaction at 141 Fieldcrest Ave., which has roughly 20,000 square feet of freezer and cooler space. That made for “a coveted feature with almost zero available supply in the market,” BRC said, adding that the building also has active rail service and is minutes from the New Jersey Turnpike and other highways.
Jordan Metz, a senior vice president with BRC, and Benito Abbate, a sales associate, completed the deal with the undisclosed tenant.
“We are thrilled to secure a new 10-year full-building lease, stabilizing the asset with an excellent credit tenant in a highly desirable industry,” Metz said, later adding: “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 Ave. is also minutes from Interstate 287, routes 440 and 35, the Garden State Parkway and the Outerbridge Crossing to Staten Island. The property’s other features include 8,000 square feet of office space, 33-foot ceiling heights, 11 tailboards, one drive-in door, heavy power and parking for 55 cars and 15 trailers.
