MADISON and CHATHAM, NJ – HFF has closed the largest land sale in New Jersey, a 205.6-acre parcel that is part of the larger Giralda Farms complex located in Madison and Chatham, NJ.
HFF worked exclusively on behalf of the seller, an entity owned by a CMBS trust, acting by and through its special servicer.
The land site is located along Route 124 (Madison Avenue) on the border of Madison and Chatham in Morris County near both Interstate 287 and Route 24. The site is three miles from Morristown, 18 miles from Newark Liberty International Airport and 25 miles west of Manhattan. The site is split into four main parcels: Madison Parcel (Block 2202, Lot 1), which has 40.1 acres zoned for 436,000 square feet of office space; Chatham Parcel (Block 142, Lots 1 and 2), which is zoned for 750,000 square feet of office space on its 131.63 acres; and Chatham Woodland Parcels (Block 141, Lots 7, 8 and 9.04), which has 33.86 acres that are zoned residential.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
