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NAI Hanson Tapped to Sell 360 Acres in Sussex County

PARSIPPANY, NJ-NAI Hanson has been named the sales agent for 360 acres of vacant land in Sussex County.

By Maria Wood | Updated on August 19, 2009

PARSIPPANY, NJ-A large tract of vacant land that is preserved under the state’s Highlands Act of 2004 is being marketed for sale by NAI James E. Hanson. The local brokerage firm has also been tapped to sell two adjoining, smaller parcels that can be developed.

The largest of the three parcels encompasses approximately 260 wooded acres in Hardyston Township. It is adjacent to Hamburg Mountain State Park and is zoned as a minimum impact development district with the Highlands Core Preservation area.

NAI Hanson senior vice president John Schilp tells GlobeSt.com that the Hardyston tract is priced at roughly $1 million. Its development potential is limited to such uses as either a farm, hunt club or a large residential estate. Prior to the establishment of the Highland Act, the seller, Imperatore Sussex Partnership LP, received offers for that piece of land of nearly $10 million, Schilp says. “[The act] affected the value of the property, and because of that the price has now dropped.” he says, adding that it is one of largest tracts of land on the market today in Northern New Jersey. The two other tracts include 76 acres in Franklin Township and 31 acres split between 14 acres in Hamburg Borough and 17 acres in Hardyston Township.

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