Padraic Shay

Greater Philadelphia remains one of the East Coast’s most resilient industrial markets, maintaining a quarterly vacancy rate of 6.7 percent. The area continues to offer exceptional #value for occupiers compared to the high-rent environment of the New York City and Northern New Jersey metros. This quarter, leases across diverse industries were signed, benefiting from the area’s extensive #distribution networks spanning the northeast's ports and highways. Demand is also being buoyed by manufacturing requirements driven by the commercialization of new technologies, network optimizations, and foreign direct investment. From the occupier's perspective: • Warehouses over 500,000 square feet offer opportunities in markets with higher vacancy rates and long-term vacant buildings. • The demand for longer average lease terms in warehouses stems from tenants’ increasing reliance on automation in manufacturing and distribution. • Demand for cold storage has surged across various sectors, necessitating refrigerated and frozen storage space with #energy efficiency and #automation features. Check out our report below for additional insights: https://lnkd.in/ec-CYemy #CresaPhiladelphia #Q1MarketIndustrialHighlights #PhiladelphiaIndustrialMarket #CommercialRealEstate #TenantSolutions #MarketResilience #StrategicLeasing #3PL #SupplyChain #Logistics

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The barrier to entry into the real estate market is personal. 💰🏡 Know your financial needs and prepare for a 3-5 year journey to develop cash flow. @greinermaltzofli Greiner Maltz of Long Island 🏢 📞 516-364-1000 💻https://lnkd.in/djqT4FYm #GreinerMaltzLI #RealEstate #IndustrialRealEstate #RealEstateJourney #FinancialPlanning

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[IT‘S NEVER TOO LATE TO GO FORWARD] Developed and constructed by Luzzi Companies, The Lincoln Avenue Development LLC is being developed in multiple phases. The project supports building a complex that will bring businesses & jobs into a location within the Town of Colonie that has previously been underutilized and encouraged by the Town to be developed. This site has been undeveloped for over ten years. It is identified as a Brownfield Site, meaning land abandoned or underutilized due to pollution from industrial use. The developers of Brownfield Site lands are required to perform additional development for the “clean-up“ of the land and advanced and specialized appraisal analysis techniques to ensure appropriate clean-up. To portray The Lincoln Avenue Development, Peter Luizzi III and Chuck Pafundi Jr. once again trusted Arqui300 to finally reveal this project within the Town of Colonie after such a long time. #arqui300 #3d #industrialdevelopment #industrialreaestate #realestate

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Is the market harder? Yes! It just means you need to keep up AND we DO! Here's to the first part of the second quarter in 2024! 😍 #Capper #KellerWilliamsGreaterNassau #SellsNYTeam #KW #strategies #LearnMore #clients #longislandny #itsinthedetails #realestatelife

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[IT‘S NEVER TOO LATE TO GO FORWARD] Developed and constructed by Luizzi Companies, The Lincoln Avenue Development LLC is being developed in multiple phases. The project supports building a complex that will bring businesses & jobs into a location within the Town of Colonie that has previously been underutilized and encouraged by the Town to be developed. This site has been undeveloped for over ten years. It is identified as a Brownfield Site, meaning land abandoned or underutilized due to pollution from industrial use. The developers of Brownfield Site lands must perform additional development to " clean up " the land and use advanced and specialized appraisal analysis techniques to ensure appropriate clean-up. To portray The Lincoln Avenue Development, Peter Luizzi III and Chuck Pafundi Jr. once again trusted Arqui300 to finally reveal this project within the Town of Colonie after such a long time. #arqui300 #3d #industrialdevelopment #industrialreaestate #realestate

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[RENJ Weekly: The week in review at Real Estate NJ!] Featuring: Ease Capital , Regeneron + more #NewJersey #NJ #TheDailyBriefing #NJcommercialrealestate #commercialrealestate #newjerseyrealestate #RealEstateNJ #news #industrial #CRE #NJCRE

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Bussel Realty Corp Leases 53,500 SF at 70 East Willow Street in Millburn, NJ EDISON, NEW JERSEY (May 13, 2024) – Bussel Realty Corp. (BRC), a leading industrial/retail real estate services firm in New Jersey, leased the entirety of 70 East Willow Street in Millburn, New Jersey, a 53,500-square-foot industrial building, to Piece of Cake Moving & Storage.   Steve Bussel, president, and David Blitt, senior vice president, of BRC represented the landlord, Binyan Realty Corp, in the transaction. Piece of Cake Moving & Storage was represented by Pinn Realty. Piece of Cake Moving & Storage will utilize the space for servicing clients in the New York tri-state region requiring local moving and storage. “We are pleased to have transacted the ideal real estate solution for both Piece of Cake Moving & Storage and our owner,” stated Steve Bussel. 70 East Willow Street in Millburn, New Jersey, is located off I-78 and minutes to the New Jersey Turnpike, Garden State Parkway and Route 24 as well as Port Newark/Elizabeth, Newark Liberty Airport and New York City metro markets. The industrial property totals 53,500 square feet, has 4,000-square-foot offices, 16-foot ceilings, 10 tailboards, heavy power and is situated on 2.3 acres. About Piece of Cake Moving & Storage Piece of Cake Moving & Storage is headquartered in New York City with local moving operations in New York, the Tri State Area, Florida and Los Angeles. Founded in December 2017, the company is America’s fastest growing mover. Piece of Cake Moving & Storage is highly rated across all major review sites for unmatched customer moving day experience, as well as for reliable moving and storage services. About Bussel Realty Corp. With one of the largest dedicated industrial brokerage staffs in New Jersey, Bussel Realty Corp. (BRC) is a leading industrial/retail real estate services firm located in Central New Jersey with individual memberships in the Society of Office & Industrial Realtors (SIOR). BRC provides leasing and sales brokerage services to users, corporate occupiers, landlords, retailers, owners, and investors, representing millions of square feet of property and tenant client assignments annually. The firm’s clients have included several of the largest Fortune 500 Companies, as well as numerous manufacturing, distribution, retail and services companies both nationally and locally. Currently, BRC is handling in excess of three million square feet of corporate and industrial real estate in New Jersey. #busselrealty #commercialrealestate #commerciallisting #commerciallistings #commercialproperty #commercialspace #commercialrealestate #commercialleasing #commercialleasingagent #njcre #industrialspace #warehousespace #warehouselease #newjerseywarehouse #northernNJ

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