10A — December 2025 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
S.V.P. Daniel Lanni arranges sale of 30,375 s/f in Mercer County Kislak sells Hopewell Valley Industrial Park in Pennington, NJ for $3.3 Million
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the seller and he also pro- cured the purchaser. The parties were not disclosed. Lanni said, “This was a spe - cial transaction because the property had not traded in 30 years, and it was a long trans- action with several complexi- ties. Yet we worked through every challenge and finally closed with an experienced purchaser who used it to complete a 1031 Exchange.” Constructed in 1988, the in - dustrial park sits on 8.2 acres and consists of several sin- gle-story and one two-story warehouses. Leased by long
term tenants whose services range from landscaping, up- holstering, motorcar and bus services to an exercise studio, the buildings have over 100 parking spaces. Tenants pay for their own repairs and utilities, a feature attrac- tive to the new owner who also has the opportunity to increase rents. Zoned SI, the property is located in a residential area where the average household income is $152,448 and is situated only a few miles from Route 1 and I-95. Local trans - portation via bus and com- muter rail is within a 10 to 20 minute drive from the property. Daniel Lanni joined Kislak in 2010 and is consistently 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 recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a se- nior 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. 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. Now in its 119th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 19th consecutive recog - nition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition. MAREJ
ENNINGTON, NJ — The Kislak Com - pany, Inc. announced the recent of a sale of Hopewe l l Valley Indus - trial Park, a 30,375 s/f fa - cility at 1613 Reed Rd. in Penn i ng - ton, Mercer County, for $3.3 million. Kislak marketed the prop- erty with senior vice presi- dent Daniel Lanni handling the assignment on behalf of Daniel Lanni
1613 Reed Rd.
EXCLUSIVE PROPERTIES FOR SALE
Paterson, NJ 7 Residential Units + 1 Retail Unit
Elizabeth, NJ 41 Residential Units Jeff Squires 973 943 1032
East Orange, NJ 12 Residential Units Michael Salomon ext 243 Don Baxter ext 265
Tom Scatuorchio ext 255 Joseph Keenan ext 256
Branchburg, NJ 5 Condo Units/45,000 SF Industrial Park Max Levinston 908 360 8055
Westwood, NJ 12,630 SF Medical Office Robert Squires ext 287
Little Egg Harbor Township, NJ 10,000 SF Business Park Daniel Lanni 908 692 7633
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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