Industrial properties in Newark and Jersey City are welcoming new tenants

The Metz Industrial Group at Bussel Realty Corp. has entered into three leases for industrial sites in Newark and Jersey City. The three transactions total 52,207 square feet of industrial space and 5 acres of outdoor parking and industrial storage. The team at MIG consists of SVP Jordan Metz, Senior Associate Ben Abbate and Sales Associate James Friel.

Representing landlord RHS Realty Group, MIG arranged to lease 38,207 square feet in Newark to My Flowers USA Inc. The deal at 320 Elizabeth Avenue was originally for 26,007 square feet, but some adjacent space became available and the agreement was expanded to accommodate requirements to take into account opportunity. NJR Group LLC represented My Flowers.

Overnight Freight Inc., represented by MIG, entered into a sublease agreement for two acres of industrial warehouse and parking and 14,000 square feet of industrial space at 125 James Avenue in Jersey City. The site will serve as a truck terminal. CBRE represented Staples Inc., the sublandlord.

“This transaction is an example of MIG’s expert pulse on the market and its robust tenant representation services, resulting in the site selection success our clients expect,” noted Jordon Metz, SVP of MIG. “By providing the ideal location, we were able to close a deal that was a win-win-win for everyone involved.”

An unknown storage and transportation service provider leased three acres of parking and industrial storage at 150 Pacific Street in Jersey City. The landlord, Neu Holdings Corporation, was represented by MIG. The property features an additional 176,132 square feet of warehouse space and two acres of outdoor industrial space. MIG is currently marketing these options.

“The industrial outdoor storage sector has experienced rapid growth in recent years, driven by increasing demand for strategically located parking/outdoor storage,” noted Metz. “150 Pacific Avenue offers a prime location just minutes from the Holland Tunnel and New York City markets.”