18B — March 2026 — Best of 2025 — M id A tlantic Real Estate Journal
www.marej.com
The LARGEST LAND SALE of 2025
JLL Capital Markets Bergen Town Center Land Site Paramus, NJ
The Kislak Co., Inc. The Village At Funk’s Farm Millersville, PA
Lee & Associates – WBE, LLC 700 Schuyler Ave. Lyndhurst, NJ
Size: 2.4 Acres Brokers: Michael Schaible & Troy Wisse Lee & Associates WBE Partners Michael Schaible and Troy Wisse are pleased to announce the sale of a 2.4-acre industrial property located at 700 Schuyler Avenue in Lyndhurst, New Jersey. The property attracted strong interest from investors and users alike due to several highly desirable characteristics. One of the most significant factors driving demand was the site’s rare heavy industrial zoning, which permits outdoor storage—an increasingly scarce and valuable allowance in Northern NJ. The property’s strategic location also contributed to its appeal, positioned near the New Jersey Meadowlands and just minutes from NYC, while offering convenient access to major regional highways. Further enhancing the property’s investment profile is a net lease in place with its long-time tenant, Core & Main, a leading distributor of water, sewer, and fire protection products. The lease runs through January 2027, providing near term stable income backed by an established national tenant. This transaction underscores the continued demand for well-located industrial properties with flexible zoning and reliable tenancy in the Northern New Jersey market.
Size: 166-Unit Phase and a 260-Unit Phase Brokers: Jose Cruz and Ryan Robertson, Steve Simonelli, Michael Oliver, Elizabeth DeVesty, and Austin Pierce JLL Capital Markets arranged the sale of Bergen Town Center Land Site, a development of a 426-unit multifamily complex adjacent to Bergen Town Center in Paramus, NJ. JLL worked on behalf of the seller, Urban Edge Properties. The buyer was a joint venture between Russo Development, LLC and KRE Group. The project, located on Forest Ave., will be developed in two phases: a 166-unit phase and a 260-unit phase. Each section will feature four floors of residential space over two or three levels of parking. The development will also include a Class A amenity package and two retail suites totaling +/- 5,000 s/f.
Size: 67 Acres Brokers: Matt Wolf
The Village at Funk’s Farms consists of 66.88 acres and is fully approved for development of 420 55 and older residential units: 220 townhomes and 200 mid-rise condominiums plus a health care facility that may contain up to 75 beds are anticipated to be built. Situated in scenic Manor Township, Millerstown was, in years past, a crossroads for goods and sales brought from the local farming communities into Lancaster City. Later the town’s name was changed to Millersville and was incorporated as a separate borough in Lancaster County. It is a ten-minute drive from downtown Lancaster and the home of Millersville University.
Hankin Group Westwynd Gardens Honey Brook, PA The BEST HOSPITALITY PROJECT of 2025
Marcus & Millichap Downtown Morristown Development Morristown, NJ The MOST UNIQUE LAND SALE of 2025
Marcus & Millichap completed the $4.9 million sale of the Downtown Morristown Development site at 25 Market Street in Morristown, New Jersey. The ±0.302- acre parcel sits half a block from The Green and approximately 0.6 miles from the Morristown Train Station, placing it within the town’s established live-work-play downtown. Zoned in the Town Center District with potential for a 55-unit residential development, the site offered rare density in a fully built-out setting. Its combination of walkability, transit access and flexible development pathways distinguished it as one of the most distinctive infill land opportunities in Morris County
Size: 26 Acres Westwynd Gardens is a modern farmhouse wedding and event venue in Honey Brook, PA designed to hold 300 guests. The venue includes the main event hall, equipped with bride and groom suites, family room, pre-function foyer, and a grand dining room. Adjacent to the event hall is the “greenhouse”, a 3,500 glass-enclosed structure that can also accommodate 300 guests. The development of Westwynd Gardens included moving a historic house nearly 1,000 feet. The venues are surrounded by picturesque meadows with mowed pathways and nature walks.
Made with FlippingBook - professional solution for displaying marketing and sales documents online