SOUTH PLAINFIELD, NJ–Bussel Realty Corp. brokered the $4 million sale of 111 Somogyi Court in South Plainfield, New Jersey, a 64,990-square-foot industrial facility, to Somogyi Holdings LLC.
Senior vice presidents David Blitt and Robert Sager represented the buyer in the transaction. CBRE represented the seller.
“The property purchase offered Somogyi Holdings expansion for their growing window hardware business,” says Blitt. “Despite the complications of the purchase through the bankruptcy court, it was a smooth transaction for the facility purchase and demonstrates the scarcity of industrial product presently for sale.”
Occupying slightly more than six acres, 111 Somogyi Court is near I-287 and the New Jersey Turnpike and close to Routes 1 and 440, and the Outerbridge Crossing to Staten Island and Brooklyn. The property has 20-foot ceiling heights, 1200 amps of electric power, 10 tailboards and seven drive-ins, wet sprinklers and is rail-served.
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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].
