2B — September 14 - 27, 2018 — New Jersey — M id A tlantic
Real Estate Journal
N ew J ersey
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Land located alongMt. Lebanon Rd. in Lebanon Twp. NAIHanson’sSchilpandSchorr arrange sale of 224-acres
Turkey Top Roads, has been eyed by preservation groups for years and they recognized that this was the right time to make the purchase. Currently occupied by Pelio Farms, the acquisition will ensure that the land can be preserved and eventually opened to the public for passive recreation activities such as hiking, bird watching, mountain biking, cross-country skiing and na- ture observation. “When dealing with prop- erty of this size and a public- private partnership of this complexity, it is crucial for a commercial real estate broker- age to deliver superior custom- er service to ensure that a fair and mutually beneficial deal can be negotiated on behalf of both the buyer and seller,” said Schilp. “As real estate de- velopment continues to move west and north in the state, we continue to see preserva- tion groups show interest in acquiring and protecting high- quality land like this from de- velopment. We were honored to work with the buyers and seller in this transaction to guarantee that this land can be enjoyed by the public for many years to come.”
EBANON TWP., NJ — NAI James E. Han- son has arranged the
sale of 244 acres of land a l o n g Mt . Lebanon Rd. in Lebanon T own s h i p . NAI James E . H a n - son’s John Schilp and S i g m u n d Schorr rep- resented the buyers, New Jersey Con- s e r v a t i o n Foundation, New Jersey Green Acres P r o g r a m ,
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WHAT SEPARATES US FROM THE REST? 360 DEGREES OF PREPARATION.
Sigmund Schorr 224-acres along Mt. Lebanon Rd.
Lebanon Township, Hunt- erdon Land Trust, The Na- ture Conservancy, Victoria Foundation, 1772 Foundation, Leavens Foundation and the New Jersey Water Supply Authority, and the seller, Earl Pelio, in the transaction. The buyers created a public- private partnership to acquire the land to preserve it from future development and link existing preserved lands to create a greenway of nearly
2,600 acres in northern Hunt- erdon County. The acquisition perfectly aligns with missions of each organization and will help ensure that these pris- tine lands can be enjoyed for generations to come. The five land parcels were listed separately with the option to purchase together. The property, which features open and wooded land along Mount Lebanon, Sharrer and
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