M id A tlantic Real Estate Journal — New Jersey — January 2026 — 5B
www.marej.com
N ew J ersey
50,000 s/f ind. asset developed in one year sells to Bytech near key transportation routes Saddleback Real Estate Developers completes $13M sale of Hackettstown industrial building
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incomparable location — less than one mile from the M&M Mars headquarters, with con- venient access to Rte. 46 and I-80 — key characteristics that supported the property’s suc- cessful positioning and sale. “Location plays a critical role in the success of any industrial development, and this site is aligned perfectly with market demand and infrastructure access,” said Salvatore Frassetto . “This sale reflects the experience, discipline, and long-term per- spective our family brings to every project.”
Since 1975, Saddleback Real Estate Developers has played a central role in New Jersey’s commercial real estate market. Over the past five decades, the Frassetto family has developed more than 25 million square feet of commercial space and facilitated over $3 billion in real estate transactions. “Watching 999 Willow Grove Street go from a bare site, which we acquired in 2021, to a finished building has been incredibly rewarding,” Terry Frassetto , president, said. “It’s a proud moment for our entire team.” MAREJ
ACKETTSTOWN, NJ — Saddleback Real Estate Devel-
G.S. Wilcox & Co. arranges $7.2M in financing for Morristown Apts. MORRISTOWN, NJ — G.S. Wilcox & Co. has completed $7.2 million in financing for opers announced the $13 mil- lion sale of a newly constructed industrial building at 999 Wil- low Grove St. in Hackettstown. The 50,000 s/f building was constructed in just one year, with RC Andersen serving as general contractor and construction manager. The building was sold to Brooklyn-based Bytech, a mo- bile accessories manufacturer. Robert Adams of Garden State Realty was the broker on the transaction. The lender was Kearny Bank . The project reflects the abil- ity of the Salvatore V. Fras- setto family of companies abil- ity to identify non-performing,
999 Willow Grove St.
undervalued properties and reposition them into attrac- tive, desirable industrial assets brought successfully to market.
The building features 28- to 32-foot clear ceiling heights, four loading doors, one acre of outdoor storage, and an
HAMILTON, NJ TURN-KEY OFFICE INVESTMENT FEB 09, 2026 | 12:00 PM ONLINE AUCTION
$300,000 STARTING BID
a four-build- ing, 37-unit apartment community in Morristown. The financ- ing, arranged by Wesley W i l c o x , partner, Al Raymond , principal, and William Gallagher , associate producer, was secured on a seven- year term with 20-year amortization. The loan was funded by one of the firm’s corre- spondent life insurance company re- lationships. This prop-
Wesley Wilcox
1616 Nottingham Way, Hamilton, NJ
PROPERTY FEATURES
Al Raymond
Prime Corner Location ±8,400 SF Office Building on ±1.03 Acres HC Zoning — Supports Office, Medical, Retail, Educational, and other flexible uses ±35 Spaces (±4.2/1,000 RSF) Walmart, Walgreens, Panda Express & more within ½ mile
William Gallagher
erty includes buildings with quick access to local and re- gional amenities. NJ Transit’s Morristown Station is within a 5-minute walk and access to I-287 is within a 2-minute drive. Numerous Morristown employers are also within walk- ing distance including Deloitte and Sanofi at the recently com- pleted M Station. MAREJ
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