M id A tlantic Real Estate Journal — Central New Jersey — August 14 - 27, 2020 — 9B
www.marej.com
C entral NJ
A N A H A W K I N , NJ — Walters, an award-winning de- Cornerstone at Grassy Hollow is nearly fully occupied Walters completes construction on premium income-restricted community in Manahawkin, NJ M
are onsite, offering 24/7 man- agement and maintenance. Additionally, residents benefit from activities and events of- fered through a staffed social services coordinator. "Walters is proud to deliver a beautiful sustainably-designed development that is main- tenance-free and affordably priced," said Joe Del Duca , partner and director of afford- able housing for Walters. The community is located in the Manahawkin section of Stafford Twp., just off of Rte. 9 and the Garden State Pkwy. Residents enjoy close proxim- ity to local shopping areas,
dining and entertainment. With Long Beach Island just 10 minutes away, residents will have easy access to local beaches and many other rec- reational facilities. Cornerstone at Grassy Hol- low is open to individuals and families who do not make more than 60% of the county's me- dian income. Walters manages every as- pect of a development from design and construction to property management. The developer has several income- restricted housing develop- ments underway throughout New Jersey. MAREJ
veloper based in Barnegat, has completed construction on the last of five buildings at Cornerstone at Grassy Hollow. Located on 200 Back Rd., the premium income-restricted apartment community was designed to attain LEED and ENERGY STAR certifications. The new 60-unit community features private entrances and is nearly fully occupied. Apart- ments offered include one-, two- and three-bedroom lay- outs, ranging in size from 729 net s/f to 1,289 net s/f. New resident Gina C., said, "The staff in this group was very friendly and they gave us a great amount of respect. The staff went above and beyond to make it easy to feel welcomed. After the long process of get- ting things right, the group has a well written and easy to un- derstand lease, great policies, and anything you may need right here at the site." A wealth of amenities and services distinguishes Cor- nerstone at Grassy Hollow. The community offers a state- of-the art fitness center, a children's tot lot, basketball court, a community clubhouse with computer workstations. Apartments are equipped with in-unit washer/dryer. Property management staff Sheldon Gross Rea l t y broke r s Keyport property sale totaling $5M KEYPORT, NJ — In a transaction valued at $5 mil- lion, the 14-acre industrial property located in Keyport at 100 and 275 Clark St. has been acquired from Fragrance Re- sources, Inc. by Pennsylvania- based Best Line Equipment. The deal, which includes 17 specialized buildings with a total square footage of 73,468 feet, wasmanaged by Sheldon Gross Realty executive vice president Jonathan Glick , senior vice president Glenn Jaffe , and Sales Representa- tive Matthew Leonelli . The Keyport property had been used to manufacture per- fumes and other fragrances. Now, construction equipment rental, sales, and service com- pany Best Line Equipment will repurpose the expansive site. MAREJ
Cornerstone at Grassy Hollow
P o s k a n z e r S k o t t A r c h i t e c t s 550 North Maple Avenue, Ridgewood, NJ 07450 201.445.2322 www.poskanzerskott.com
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