Transcontinental Steel has recently acquired two warehouses in Middlesex, New Jersey for a total of $15.45 million. The properties, located at 375 Old Bridge Turnpike in East Brunswick and 201 11th St. in Piscataway, cover a combined area of 77,000 square feet.
In the transaction for the East Brunswick property, Kyle Gerace from NAIDB acted as the representative for seller Kings Cages and successfully brought buyer Kinga Cabinet to complete the sale at $7.25 million. Built in 1971 on a spacious lot measuring over one and a half acres, this warehouse features clear ceiling heights ranging from 12 to16 feet along with two exterior loading docks and convenient access to NJ Route18.
Heading north on Route18 towards Piscataway is where Gerace teamed up with DiLeo brokerage team to manage another successful sale worth $8.2 million at20111th St.The property spans nearly five acres offering potential expansion opportunities while currently housing three units each covering an area of15 ,000 square feet with clear ceiling heights reaching up to12 .6feet.This recent acquisition by Transcontinental Steel marks yet another significant investment made by them within Middlesex County’s thriving industrial market.
