11-41 Sussex Ave. in East Orange — Courtesy: CBRE
By Joshua Burd
An industrial user has leased more than 30,000 square feet at a newly built property in East Orange, under a transaction announced by brokers with CBRE.
The real estate services firm represented J.G. Petrucci Co. Inc., the developer and owner of the property at 11-41 Sussex Ave., in the lease with Prime Global Solutions. The tenant, a supplier and manufacturer of bulk materials, committed to 30,390 square feet and will occupy half of the 60,000-square-foot facility.
“With 11 Sussex, we are revitalizing an urban location that has laid barren for decades,” said Greg Rogerson, a principal of Petrucci. “This pioneering project is redeveloping an underserved neighborhood by transforming an 8.3-acre blighted site into an asset that will boost economic development within the community and create jobs.
“We are excited to welcome Prime Global Solutions to our real estate portfolio and will continue to expand our footprint in East Orange, New Jersey.”
The CBRE team of Lou Belfer and Scott Belfer spearheaded the leasing campaign on behalf of Petrucci, noting that Prime Global Solutions is targeting October for initial occupancy. Monica Franco and Priscilla Teixeira, corporate account managers at Commercial Realty Partners LLC, represented the tenant.
“11-41 Sussex Avenue is an exceptionally constructed industrial asset located near the Port, as well as a number of major thoroughfares,” said Lou Belfer, a senior vice president. “It’s ideal for a number of uses, including warehouse, distribution, light manufacturing and corporate office.”
The $30 million redevelopment project is also home to ABC Supply Co., the nation’s largest wholesale distributor of roofing. Located directly off Interstate 280, the site offers easy access to Port Newark-Elizabeth and features seven loading docks, 28-foot ceilings, trailer storage and 2,000 square feet of office space.
