160 Essex Ave. East in Avenel — Courtesy: Bussel Realty Corp.
By Tina Traster
A logistics firm has taken 40,000 square feet of industrial space in the Avenel section of Woodbridge, according to a broker with Bussel Realty Corp.
The tenant, Total Source Logistics Inc., will occupy the property at 160 Essex Ave. East under a deal with Sitex Group, according to a news release. BRC Senior Vice President Jordan Metz represented the tenant in the transaction.
“The port-proximate submarket of Carteret/Avenel has seen significant rent growth, rising valuations and insatiable investor interest over the last five years, with an increasing focus on functional properties with excess land for parking/outdoor storage in irreplaceable locations,” Metz said. “160 Essex Avenue East offers 40,000 square feet of warehouse space with heavy loading and over 2.5 acres of excess land for parking.”
In announcing the deal, BRC noted that the property has 18-foot ceiling heights, seven tailboards and one drive-in door, dry sprinklers, 600 amps of electric power and 50 surface parking spaces.
Tina Traster is a freelance writer and the editor of Rockland County Business Journal. She is also a former business writer for Crain’s New York Business, real estate writer for the New York Post and staffer at the Bergen Record.
