Two industrial transactions totaling 31,708 square feet were recently closed by Seagis Property Group, with Revenant Logistics and ZEMS Logistics as the tenants. The properties leased were located at 27 Engelhard Ave in Avenel and Unit 3 at 1001 Roosevelt Ave in Carteret. Revenant Logistics occupies 5,708 square feet at 1001 Roosevelt Ave, while ZEMS Logistics now utilizes 26,000 square feet at 27 Engelhard Ave.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: N/A
• Address: 27 Engelhard Avenue & 1001 Roosevelt Avenue Unit 3
• Market: Avenel & Carteret
• Tenants: Revenant Logistics & ZEMS Logistics

The Metz Industrial Group of Bussel Realty Corp played a significant role in facilitating these transactions. The brokers involved in the deal were Benito Abbate, James Friel, and Jordan Metz from Bussel Realty. Jordan Metz, the senior vice president of Metz Industrial Group, highlighted the current trend favoring smaller facilities in the lease-up time, rental rates, and concessions, pointing towards a positive outlook for the Exit 12 region due to the returning tenant demand.