Sheldon Gross Realty said Jan. 27 that it recently brokered a 50.15-acre plot in Howell on Vanderveer Road. The asset was purchased from Hilton Management LLC by the venture capital and private equity firm SJ Investment Holdings. The transaction was managed by Sheldon Gross Realty Executive Vice President Jonathan Glick and Senior Vice President Glenn Jaffe.
Conveniently located in central Monmouth County, along Howell’s border with Freehold, the Vanderveer Road location is only minutes from the Garden State Parkway, as well as routes 195, 9, 33, and 18 and has close proximity to the New Jersey Turnpike.
“With rapid access to all major roadways in the area, plus a wide range of buildout options, this location can ultimately become almost anything the new owner wants,” Glick says. “There [is] an extremely high demand for warehouse space throughout central New Jersey, so this was a stellar acquisition by SJ Investment Holdings.”