NAI DeLeo-Bram & Co. negotiates two industrial property sales totaling $15.45 million

East Brunswick, NJ NAI DiLeo-Bram & Co. (NAIDB) has arranged two separate industrial property transactions totaling a combined $15.45 million and 77,000 s/f. The warehouse buildings involved in these recent sales are located at 375 Old Bridge Tpke., East Brunswick (32,000 s/f) and 201 11^th St., Piscataway (45,000 s/f).

In the East Brunswick trade, NAIDB sales associate Kyle Gerace exclusively represented the seller, Kings Cages, and identified the buyer, Kinga Cabinet, in the $7.25 million sale. The circa-1971 single-story building, which occupies 1.6 acres, garnered a PSF sale price of $227. Featuring 12- to 16-ft. clear ceiling heights and two exterior loading docks, the 375 Old Bridge Tpke. property offers direct connectivity to NJ Rte. 18, just south of the Cranbury Rd. interchange. Nearby highways also include I-95 and U.S. Rtes. 1, 9 and 130.

“Middlesex County is one of the largest and most sought-after commercial real estate markets in the country because it stands out as a major manufacturing and warehouse hub,” said Gerace. “As a result, well-located industrial investment properties have been and continue to command strong interest.”

Twelve miles north via Rte. 18, the NAIDB brokerage team of Gerace and sales associates Robert DiLeo and Mathew DiLeo exclusively represented the seller, Binsky Snyder, and identified the buyer, Transcontinental Steel, in the $8.2 million sale of 201 11^th St., Piscataway. Situated on an almost five-acre corner lot, the single-story building offers expansion potential and ample on-site paved parking. Having 12.6-ft. clear ceiling heights and 20 ft. x 40 ft. column spacing, the light industrial building divides into three 15,000 s/f units. Nearby highways include U.S. Rte. 22 and I-287.