Pelio Farms, Lebanon Township, NJ
LEBANON TOWNSHIP, NJ—NAI James E. Hanson arranged the sale of 244 acres of land along Mt. Lebanon Road in Lebanon Township, NJ that preserves the tract from future development and creates a greenway of nearly 2,600 acres in northern Hunterdon County.
NAI James E. Hanson's John J. Schilp and Sigmund Schorr represented the buyers, New Jersey Conservation Foundation, New Jersey Green Acres Program, Lebanon Township, Hunterdon Land Trust, The Nature Conservancy, Victoria Foundation, 1772 Foundation, Leavens Foundation and the New Jersey Water Supply Authority, and the seller, Earl Pelio, in the transaction.
The buyers created a public-private partnership to acquire the land to preserve it from future development and link existing preserved lands to create the greenway. The acquisition perfectly aligns with missions of each organization and will help ensure that these pristine lands can be enjoyed for generations to come.
The five land parcels were listed separately with the option to purchase together. The property, which features open and wooded land along Mount Lebanon, Sharrer and Turkey Top Roads, has been eyed by preservation groups for years that recognized that this was the right time to make the purchase.
Currently occupied by Pelio Farms, the acquisition will ensure that the land can be preserved and eventually opened to the public for passive recreation activities such as hiking, bird watching, mountain biking, cross-country skiing and nature observation.
“When dealing with property of this size and a public-private partnership of this complexity, it is crucial for a commercial real estate brokerage to deliver superior customer service to ensure that a fair and mutually beneficial deal can be negotiated on behalf of both the buyer and seller,” says Schilp. “As real estate development continues to move west and north in the state, we continue to see preservation groups show interest in acquiring and protecting high-quality land like this from development. We were honored to work with the buyers and seller in this transaction to guarantee that this land can be enjoyed by the public for many years to come.”
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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].
