CARLSTADT, NJ—HREC Investment Advisors has arranged the sale of a 2.5-acre parcel located in Carlstadt, NJ, near the New Jersey Meadowlands Sport Complex.
Kevin Hanley and Ketan Patel, senior vice presidents, exclusively represented the seller, POKO Partners, predominantly multi-family residential developers, owners and operators in the tri-state area, during the transaction.
“This in-fill site is ideal to serve visitors to the Meadowlands area of Northern New Jersey. We identified attractive branding options and worked through issues to allow this existing warehouse/flex space property to be enhanced with a future development,” says Hanley. “Our local knowledge allowed us to quickly recognize the challenges and opportunities with this site.”
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