In a significant real estate move, Vericon Construction Company has secured the acquisition of a prime industrial building located at 20 Commerce Street in Springfield. The property, which spans 7,000 square feet, was purchased for $1.88 million, as announced by Bussel Realty Corp on Monday. This strategic acquisition underscores Vericon's commitment to expanding its presence in key locations while enhancing its portfolio of high-quality commercial spaces. Represented by NAI Dileo Bram, Vericon successfully completed the transaction with Fortress Group LLC, who were represented by Gregory Irving, Executive Vice President of BRC.

The building boasts several attractive features that make it an ideal investment for Vericon. Situated on nearly 0.8 acres of land, the property offers ample parking for 25 vehicles and features impressive 14-foot ceilings. Its location is particularly advantageous, being close to major transportation routes such as the Garden State Parkway, Route 22, and I-78, as well as proximity to Port Newark/Elizabeth and Newark Liberty Airport. These factors contribute significantly to the property's value and potential for future development.

Gregory Irving, who has a longstanding relationship with Fortress Group, expressed satisfaction with the outcome of the transaction. "It has been a privilege to assist Fortress Group in finding the perfect buyer for this property," he remarked. "Their trust in my services over multiple transactions has been invaluable, and I am grateful for the opportunity to continue supporting their real estate endeavors."

This acquisition marks an important milestone for Vericon Construction Company as it seeks to strengthen its position in the commercial construction sector. The company's dedication to delivering top-tier projects and fostering strong partnerships is evident in this latest move. With this new asset, Vericon is poised to explore new opportunities and further solidify its reputation as a leading player in the industry.