Kurt Praschak / [email protected] / 973-992-7800 x.289
Alexa Cangialosi / [email protected] / 973-992-7800, x172
Transaction on level, buildable land brokered by Sheldon Gross Realty
HOWELL, NJ (Jan. 27, 2021) – A 50.15-acre plot in Howell, NJ, on Vanderveer Road, has been purchased from Hilton Management LLC by the venture capital and private equity firm SJ Investment Holdings. The transaction was managed by Sheldon Gross Realty Executive Vice President Jonathan Glick and Senior Vice President Glenn Jaffe.
Conveniently located in central Monmouth County, along Howell’s border with Freehold, the Vanderveer Road location is only minutes from the Garden State Parkway, as well as routes 195, 9, 33, and 18. In addition, it’s just a 20-minute drive from the New Jersey Turnpike. Level and buildable, the land is ideal for warehousing or outdoor storage.
“With rapid access to all major roadways in the area, plus a wide range of buildout options, this location can ultimately become almost anything the new owner wants,” Glick says. “There an extremely high demand for warehouse space throughout central New Jersey, so this was a stellar acquisition by SJ Investment Holdings.”
About Sheldon Gross Realty
Based in New Jersey and also licensed in New York State, Sheldon Gross Realty, Inc. offers clients a broad array of specialized services, including office, industrial and retail brokerage; tenant representation; property and asset management; office relocation; and consulting. Founded in 1962, the firm is known for its long-term client relationships, high percentage of repeat business, and a stellar, 95 percent success rate in leasing/selling the property assignment it undertakes. Featuring an exceptional team of professionals renowned for outstanding customer service and committed to unparalleled market research, Sheldon Gross Realty addresses its clients’ corporate real estate needs on a local, regional, and national scale.
Additional information is available online, at www.sheldongrossrealty.com. A free consultation is available by calling 862.930-5714.