Glick of Sheldon Gross Realty brokers deals totaling 106,045 s/f in Farmingdale & East Brunswick
FARMINGDALE and EAST BRUNSWICK, NJ — A 102,000 s/f warehouse and adjacent, undeveloped land at 10 Ruckle Ave. in Farmingdale have been purchased by Manalapan-based Merola Sales Company. The deal was brokered by Sheldon Gross Realty executive vice president Jonathan Glick.
Founded in 1988, Merola Tile is a leading, East Coast wholesale distributor of specialty tiles and supplies. Family-owned, with more than 100 employees, the company’s e-commerce business offers product through many of the nation’s largest home goods and home improvement websites, as well as through hundreds of retail locations.
“This transaction is particularly reflective of multiple real estate and related trends,” Glick said. “Right now, there’s intense demand for warehouse space across central New Jersey. In addition, the pandemic has prompted many homeowners to initiate residential improvement projects that happen to require exactly the products that Merola sells. In short, this is exactly the right deal, in exactly the right place, at exactly the right time.”
Centrally located in Monmouth County, the industrial property is only minutes from Rtes. 33, 79, 9, 18, and 195. In addition, it’s less than a five-mile drive from the Garden State Pkwy., and is only 20 minutes from the New Jersey Tpke.
“This is pretty much the definition of a prime location,” Glick adds. “It’s surrounded by a variety of other businesses, is about a 30-minute drive from NYC, and offers extra land that provides an opportunity for expansion.”