MAPLEWOOD, NJ—Ancyma Inc., a sunglasses company, has acquired 40 Camptown Road in Maplewood, NJ, a 66,000-square-foot distribution facility, from R&S Restaurant Supply for slightly more than $4 million. Bussel Realty Corp. senior vice presidents David Blitt and Robert Sager represented the owner in the transaction. Irv Weiss of American Properties represented the buyer.
“40 Camptown Road is located in Olympic Industrial Park, an established, well-located and successful industrial park,” says Blitt. “The purchaser intends to substantially improve the building, including office renovations and a state-of-the-art distribution set-up. The competition for the purchase of the building demonstrates how healthy and vibrant New Jersey's industrial market is at the present time.”
40 Camptown Road is a 66,000 square-foot industrial property with 22-foot ceilings, 6 tailboards and 1 drive-in, 40-foot by 40-foot column spacing, wet sprinklers and 25 parking spaces. It is near Port Newark/Elizabeth, I-78, Route 24, The Garden State Parkway, and the New Jersey Turnpike.
Correction, 3/31/2015, 3:54 p.m.: This article has been revised to include a description of Ancyma Inc. as a sunglasses company, according to David Blitt, the president of Bussel Realty Corp.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
