HOWELL & FREEHOLD, NJ — A 50.15-acre plot in Howell on Vanderveer Rd., 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 Rd. location is only minutes from the Garden State Pkwy., as well as Rtes. 195, 9, 33, and 18. In addition, it’s just a 20-minute drive from the New Jersey Tpke. 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 said. “There an extremely high demand for warehouse space throughout central New Jersey, so this was a stellar acquisition by SJ Investment Holdings.”
Two new leases were recently signed for space at 920-922 Rte. 33, within Fairfield Industrial Park in Freehold. WOP Distributors took a 7,280 s/f location, while Warrior Service Company LLC – a medical supply business focused on veterans’ needs – leased 5,255 s/f.