5-20-22

2B — May 20 - June 16, 2022 — New Jersey — M id A tlantic Real Estate Journal

www.marej.com

N ew J ersey

EPTUNE, NJ — A 17,000 s/f, office/flex building located at N KW Commercial co-brokers Neptune, NJ transaction Barbara Gross of Sheldon Gross Realty brokers NJ sale

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3443 Rte. 66 in Neptune has been sold for $3.2 million. The investment purchase was co-brokered by Sheldon Gross Re-

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Barbara Gross

3443 Rte. 66 in Neptune

alty executive vice president Barbara Gross and KW Com- mercial sales representative Glenn Jaffe . Located at a signalized inter- section at the junction of Green Grove Rd., the three-acre site allows for expansion and ad- ditional parking. The building is 90% leased by Marcum, one of the top accounting firms in the nation, as well by Kiddie Academy, a leading educational child-care program. “This property is tremen- dously desirable; as soon as we listed it, we received a large number of inquiries,” said Gross. “The buyer realized im- mediately that it represented a terrific opportunity.” In a separate transaction, A two-story, 18,000 s/f industrial property in Plainfield has been sold for $1.23 million. The

a section of the MARE Journal Phone: 781-740-2900 www.marej.com S ection P ublishers Linda Christman lchristman@marejournal.com Lea Christman lea@marejournal.com NJPA facility in New Jersey,” said Sheldon Gross Realty’s Matt Leonelli. “They needed conve- nient access to area ports and to their headquarters office. Ultimately, this location ad- dressed all their needs.” MAREJ

former storage and fabrication facility, at 403 Berckman St., was acquired by Eurasia Stone in a deal brokered by Sheldon Gross Realty. The property features a pair of distinct indoor spaces – a 10,500 s/f ground floor featur- ing an office and warehouse, plus a 7,500 s/f upper floor for additional storage. “Eurasia Stone was looking for a storage facility, which is what this property is primar- ily suited for,” said Sheldon Gross Realty’s Matt Leonelli . “As an example of how ideal a solution it is, the warehouse can comfortably store dozens of 10-foot slabs. It’s perfect – and the location is also terrific.” “A Manhattan-based com- pany, Eurasia Stone was seek- ing a storage and fabrication

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