This post is sponsored by Donovan Realty and Development Inc – the Jersey City-based full-service brokerage that handled this commercial transaction for Buon’Italia.
It’s not just residents moving to Jersey City, companies are moving across the Hudson in droves. This week a report came out that four companies are moving over 1,200 jobs to Hudson County. And those are just the big ones that make headlines, many smaller companies are relocating here too.
One such company is Buon’Italia, an Italian food importer and distributor with a shop in Chelsea Market, who is moving their warehousing operations into a 27,500 square foot warehouse at 109 Port Jersey Blvd Jersey City. There’s also talk of opening a Buon’Italia location in downtown.
Buon’Italia was attracted to Jersey City because of its proximity to the ports, easy access to NYC, and the long-term investment potential of purchasing a warehouse so near to Manhattan.
Tom Donovan and Gina Jabado of Donovan Realty and Development worked with Buon’Italia to familiarize them with all that Jersey City could offer. To better understand their needs, Tom visited their shop in Chelsea Market for a first-hand look at their operation.
Once they saw 109 Port Jersey, Buon’Italia was convinced. The property was a perfect place for them to warehouse their inventory. Built in 1989, the building will provide safe and secure storage for their food products. Its location allows for quick access to the NJ Turnpike and all Hudson River crossings.
Donovan introduced Buon’Italia to city officials to help navigate possible incentives. NJ Grow offered them a significant long-term tax break but the process ended up not fitting with Buon’Italia’s time constraints. Although they opted to forgo the incentives, Donovan helped them understand their options and city officials were more than happy to incentivize an out-of-state business to move to NJ.
In addition to their warehouse, the company is also planning an Italian market for Downtown Jersey City. The market, similar to their Manhattan location, would be the go-to source for all things Italian — oils, vinegar, cheeses, charcuterie, pastas (fresh, frozen and dried), grains, spices, as well as offering prepared foods and coffee. No word on a location yet, the company is waiting until the warehouse is operational before planning the next steps.
Donovan Realty & Development has over 10 years of experience working in Jersey City and the surrounding areas. The full-service firm works with buyers, sellers, renters as well as business owners looking for the perfect commercial space. So whether you’re considering moving your company to Hudson County or are already here, the team at Donovan knows the market well and has the right connections to provide for a seamless transaction.