Iselin, New Jersey (PressExposure) July 06, 2011 -- Sperry Van Ness | Richter Grusd, a commercial real estate brokerage firm serving New Jersey, announced the listing of three Central Jersey industrial properties for sale collectively exceeding $10 million. Richter Grusd recently closed several warehouse sales in New Jersey in addition to announcing the three listings, indicating an upward trend in industrial user activity.
"There is high demand and limited supply of vacant industrial product for users of these buildings," says Ian Grusd CCIM SIOR, Managing Director of the Metropark based organization. "We have seen increased activity from the user market that really picked up steam in the second half of 2010 and continues through today."
Highlights of the new listings include:
40B Cotters Lane, East Brunswick, NJ
Size: 71,800 square feet
Notes: Five minutes to Turnpike Exit 9 and Route 18. Includes 21 foot clear ceilings, 11 loading docks, 1 drive-in door, oversized parking lot/yard and rail accessibility.
Asking Price: $4,500,000
5 Lexington Avenue, East Brunswick, NJ
Size: 55,650 square feet
Notes: Close proximity to Turnpike Exits 8A and 9 and Route 18. Includes 18 foot clear ceilings, 7 loading docks and 2 drive-in doors.
Asking Price: $2,975,000
1000 King Georges Road, Woodbridge, NJ
Size: 43,429 square feet
Notes: Adjacent to Raritan Center with easy access to Turnpike Exit 10, I-287 and the Garden State Parkway. This former plastics manufacturing facility includes 6 loading docks, 4000 amps of power, 4 overhead cranes and zoning for manufacturing/industrial use. Seller is holding an equipment auction on July 26 at 10:00am. Auction details at thebranfordgroup.com/DNN3/Auction/MOLD0711.
Asking Price: $2,550,000
Managing Directors Doug Richter and Ian Grusd were both named Top 20 Advisors in the US by Sperry Van Ness International (SVNI) out more than 800 advisors nationwide this year. Additionally, a 2011 survey from The Lipsey Company reports that the organization was named as the 10th most recognized brand in commercial real estate.
For more information about these properties or Sperry Van Ness' commercial real estate advisory services, contact Doug Richter or Ian Grusd at (732) 906-0505 or visit [http://www.svn-rg.com].