M id A tlantic Real Estate Journal — Central New Jersey — February 2024 — 7B
www.marej.com
C entral N ew J ersey
Senior VP Daniel Lanni arranges sale at Oak Tree Plaza in Monmouth County Kislak sells new retail building with approvals for expansion in Matawan, NJ for $2.6 Million
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recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a senior vice president in 2019. He has also been recognized by the Mid Atlantic Real Estate Journal as one of its 40 Under 40 in commercial real estate. About The Kislak Co., Inc. The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm con- sistently recognized for its investment sales success. Established in 1906, Kislak’s
market leadership position and longevity are due to its ability to offer clients a personalized, hands-on ap- proach, coupled with the unrivaled expertise of its long-tenured team of profes- sionals. Kislak’s prestigious client base includes indi- vidual investors and owners, partnerships, financial in- stitutions, and REITs. The firm’s professionals provide comprehensive market cover- age throughout New Jersey, New York, Pennsylvania, Delaware and Florida. MAREJ
ATAWAN, NJ — The Kislak Com- pany, Inc. an-
nounced the recent sale of a 9,000 s/f class A retail building with approvals to construct a second 8,990 s/f retail building at 540 and 560
Daniel Lanni
Rte. 34 in Matawan, Mon- mouth County, for $2.6 million. Kislak marketed the prop- erty on behalf of the seller, EOM 538 R 34, LLC, with senior vice president Daniel Lanni handling the assign- ment and he also procured the purchaser, Center Stone Property Group, LLC. Lanni said, “This brand new retail building on Rte. 34 in the heart of Matawan is ready to be leased. The property comes with approved plans to build an additional 9,000 square feet, which the purchaser has scheduled to begin right away. We were able to identify the right buyer and close quickly for the seller.” Part of Oak Tree Plaza, this new retail construction offers abundant on-site parking, great visibility and conve- nience with significant foot traffic from nearby residential apartments; over 13,000 cars per day on Rte. 34. Matawan is a historic com- munity in Monmouth near Raritan Bay in the larger Rari- tan Valley region, a borough which is a bustling, commuter town within New York City’s metropolitan reach. Over the last two decades, Matawan has been part of regional and county strategic plans forged by different municipalities, businesses, school boards and other governmental agencies to reinvigorate the local econ- omy by focusing on traditional downtown areas, densely pop- ulated, residential neighbor- hoods, maritime history, and preservation and restoration of the natural beauty of the Raritan Bay shoreline. Daniel Lanni joined Kislak in 2010 and is consistent- ly among the firm’s leading producers. He specializes in the sale of multifamily and other investment properties in central New Jersey with a particular focus along the Jersey Shore. Lanni was the
Matawan retail building
EXCLUSIVE PROPERTIES FOR SALE
Berlin, NJ 38 Residential Units Barry Waisbrod ext 272
Bergenfield, NJ 26 Residential Units Andrew Scheinerman ext 247
East Orange, NJ 26 Residential Units Julie Gralla ext 224
Belleville, NJ Approved Site | 14 Residential Units + 2 Commercial Units
Rahway, NJ 6,400 SF Retail Daniel Lanni ext 248
Newark, NJ Approved Site 40 Residential Units Tom Scatuorchio ext 255
Matt Weilheimer ext 253 Tom Scatuorchio ext 255
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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