ISELIN—Sperry Van Ness | Richter Grusd has closed two industrial transactions totaling 245,000 sq. ft. The properties are located at 122 Quentin Avenue in New Brunswick and 601 Prospect Street in Lakewood.
122 Quentin Avenue is a 172,000-sq.-ft. industrial building that was sold for approximately $3.27 million. The sellers, 122 Quentin LLC, are New York-based real estate investors and were represented by Doug Richter and Ian Grusd, Managing directors of Sperry Van Ness | Richter Grusd. The buyer, Healthy Food Brands, was represented by Ed Horne and Marty Kreiman of HK Commercial Realty Advisors.
At 601 Prospect Street in Lakewood, CrystalWare LLC, a manufacturer and importer of disposable and janitorial products, signed a long term lease for 73,000 sq. ft. The tenant will be consolidating their warehouse operations from Brooklyn, N.Y. and Edison into this property. No other brokers were involved in the transaction.
Doug Richter and Ian Grusd were both named Top 20 Advisors in the U.S. by Sperry Van Ness International out of more than 800 advisors nationwide.