BASKING RIDGE, N.J. – Peter Wisniewski recently completed the sale of 3.5 acres of land, formerly the home of The Center Circle Sports Arena in downtown Rahway. The site was originally brokered by Wisniewski in 1997 with the city of Rahway and The Center Circle for a 70,000-square-foot indoor sports and recreation center. It is slated for redevelopment as a part of the city’s downtown revitalization.
The Rahway City Planning Board gave the approval to construct a 219-unit rental apartment complex in the City Hall area that would be spread across four floors that top a ground floor comprised of 195 parking spaces. Another 78 surface parking spaces would be available along an access drive on the building’s south side. This would be the largest new development in the immediate downtown.
The property is a quarter of a mile from the train station and a seven-minute walk, which makes it well-suited for residential use.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s 30 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.
Now in its 112th year, Kislak was among a select group of firms recognized as a 2017 Power Broker by CoStar Group, Inc. and this was the firm’s twelfth consecutive recognition.
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