Richter Grusd Lists $10 Million Of Industrial Properties

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

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 [].

About Sperry Van Ness | Richter Grusd

Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 800 advisors in over 130 locations. Sperry Van Ness delivers results for clients through a proven business model that immediately markets every one of its clients' properties to the entire brokerage community. Based in Irvine, California, the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing and auction services. Sperry Van Ness' gross sales volume totals billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions. For more information, please visit

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Press Release Submitted On: July 06, 2011 at 11:49 am
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