Kislak Sells Quail Creek Shopping Center In Howell, N.J. for $4.4 million

HOWELL, NJ — The Kislak Company, Inc. announced the $4.43 million off-market sale of the Quail Creek Shopping Center, a 52,000 s/f mixed shopping center with office space located at Ramtown-Greenville Rd. and Newton’s Corner Rd. in Howell, Monmouth County.
Sales associate Justin Lupo represented the seller, Parker Partners LLC, and senior vice president Matt Weilheimer, represented the purchaser, 630 Grove Street LLC.  
Commenting on the current market trend and on the interest of 630 Grove Street LLC, a long-time owner over 20 years, Lupo remarked: “The sale of Quail Creek represents the continued demand for investment properties of all asset classes in today’s market.”  Weilheimer commented, “The purchaser needed to complete an I.R.C Section 1031 Exchange for which Kislak was able to assist in identifying a property.” Both Lupo and Weilheimer added, “We moved quickly to closing in order to satisfy the exchange.”

 

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