HAMILTON TOWNSHIP, NJ—A huge, one million-square-foot industrial complex on 65 acres in Hamilton Township in Mercer County NJ is available for redevelopment, now that its owner, flooring manufacturer Congoleum Corporation, is relocating to Marcus Hook, PA. The facility at 861 Sloan Avenue has been vacant since October 2014.
NAI Mertz has the assignment to market the property, with a team led by Jeffrey Licht, SIOR, senior vice president and Fred Meyer, SIOR, director of corporate services. Assisting are NAI Mertz vice presidents Adam Lashner and Jonathan Klear.
While the site currently houses a one million-square-foot industrial complex, NAI Mertz is marketing it as a redevelopment opportunity, ideal for a transit-oriented development that has the potential for a combination of retail, office, flex/industrial, recreational, senior housing/assisted living, hotel and healthcare.
"My wife and I routinely travel to New York City via the Hamilton NJ Transit Center, and I've openly muttered that the subject site deserves a better use,” said Licht. “I am thrilled that my team and I get the opportunity to make a difference in this flourishing community. I truly believe the sky is the limit for this property," Licht added.
Located immediately off I-295 (Exit #65B) and directly across from the Hamilton NJ Transit Center, where there is commuter rail service to New York City and Trenton, 861 Sloan Avenue is also close to many of the state's major regional highways. The site is approximately 36 miles to Philadelphia and 57 miles to New York City. Nearby are several dining options, retail shopping centers including the Quaker Bridge Mall and an AMC Hamilton 24 Movie Cineplex.
Within minutes of the site is The Grounds for Sculpture, a 42-acre sculpture park composed of works by well-known and emerging American and international artists. Several sculptures from the Grounds for Sculpture's “Along The Way” program are prominently situated around the property.
“We are excited to be marketing such a large-scale, highly visible property in an awesome location,” says Licht. “Potential buyers will immediately be attracted to this site for its potential redevelopment opportunities,” he added.
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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].
