The Metz Industrial Group (MIG) of Bussel Realty Corp. (BRC) on Monday announced the successful leasing of a 1.6-acre industrial outdoor storage (IOS) property located at 869–871 Julia Street in Elizabeth. MIG represented the tenant, Northeastern Lumber Building Supply, in the transaction.
The site features a 4,225-square-foot maintenance facility and is positioned to support Northeastern Lumber Building Supply’s operational growth within the competitive Northern New Jersey market. The landlord, Elberon Development Group, was represented in-house.
The transaction highlights the ongoing strength and resilience of the industrial outdoor storage sector, particularly for smaller infill locations.
“Well-located industrial outdoor storage (IOS) properties continue to be among the most durable and sought-after asset classes in today’s industrial market,” Jordan Metz, principal of the Metz Industrial Group said. “The highest demand continues to center around 1- to 3-acre IOS sites in core infill locations like the Port Newark/Elizabeth market.”
Metz added that companies increasingly rely on these 1- to 2-acre sites across multiple markets to efficiently service broad geographic customer bases, making this specific size category exceptionally competitive.
The lease is the result of a consultative approach by MIG, which analyzed more than a dozen IOS opportunities across multiple Northern New Jersey submarkets before selecting the Julia Street location. MIG pre-leased the property on behalf of Elberon Development Group, securing a prominent tenant for Elberon’s long-term industrial portfolio and continuing a 20-year collaborative relationship between the two real estate entities.
The MIG brokerage team representing the tenant included:
- Jordan Metz, Principal
- Benito Abbate, Senior Associate
- James Friel, Sales Associate
MIG extended its appreciation to Terry Armstrong, vice president of leasing & acquisitions, and Dave Gibbons, president of Elberon Development Group, for their internal collaboration in finalizing the transaction.
The 1.6-acre property at 869–871 Julia Street offers logistical advantages for distribution, service, construction, and logistics users. The site provides proximity to:
- Port Newark/Elizabeth
- Newark Liberty International Airport
- The broader New York City metropolitan area
About the companies
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Northeastern Lumber Building Supply: A family-owned and operated New Jersey-based company providing building and remodeling supplies to residential and commercial builders and homeowners across four locations in Central New Jersey.
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Elberon Development Group: A family-owned commercial real estate firm based in Elizabeth, New Jersey. Operating for over 100 years, the company specializes in developing, owning, and managing industrial and warehouse properties in the Elizabeth and Newark port regions.
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Metz Industrial Group (MIG): A high-performance industrial real estate brokerage and investment team within BRC, specializing in small-bay, IOS, and last-mile logistics assets throughout New Jersey.
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Bussel Realty Corp. (BRC): A leading industrial and retail real estate services firm based in Central New Jersey, providing leasing and sales brokerage services to corporate occupiers, landlords, retailers, owners, and investors.
