E.V.P. Peter Wisniewski Arranges Exclusive Sale of Warehouse & Manufacturing Facility
Woodbridge, N.J., March 9, 2021 – Kislak Commercial Real Estate Services, Inc. announced the recent sale of a 44,300-square-foot industrial property for $3,900,000. The property is located at 27 Ridge Road, Whitehouse Station, Hunterdon County, New Jersey.
Kislak marketed the property on an exclusive basis with Executive Vice President Peter Wisniewski handling the assignment on behalf of the seller Palumbo Realty, LLC, which is led by Gary Palumbo. Mr. Wisniewski also procured the purchaser 27 Ridge Road, LLC, on behalf of Brandon Nicholson. Mr. Palumbo is a longtime client of Mr. Wisniewski’s and this sale marked their fifth transaction together.
“The property was in contract only three days after Kislak listed it, and the speed at which it sold is consistent with the continuing surge in demand for available industrial properties in New Jersey,” said Mr. Wisniewski. ‘Demand drivers include the historic rise in e-commerce sales triggered by the pandemic and the insatiable need for additional warehouse space.
Zoned ROM-2 for research, office or manufacturing, the building sits on 13.1 acres of well-manicured landscaping with on-site parking for 40 cars. Offering tailgate and drive-in loading, the building is currently under renovation with an expansion of office space. Its infrastructure is very compatible with current and future uses, which plan on housing new headquarters for The Nicholson Corporation, a regional commercial construction company.
Located one-quarter mile south of Route 22 and a 10-minute drive to Route 78, the property is also easily accessible to Routes 202, 206, and Interstate 287.
Mr. Wisniewski joined Kislak in 2015 and leads the firm’s commercial sales and leasing division. Throughout his career, Wisniewski has leased or sold more than eight million square feet of commercial space and well over 1,500 acres of land and is actively growing Kislak’s presence in the New Jersey commercial real estate market.
Kislak Commercial Real Estate Services, Inc. with offices in Basking Ridge, New Jersey is the commercial sales and leasing affiliate of The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, and is a leading commercial real estate brokerage consistently recognized for its investment sales success.
Now in its 115th year, Kislak was among a select group of firms recognized as a 2020 Power Broker by CoStar Group, Inc. and this was the firm’s 15th consecutive recognition.