E.V.P. Peter Wisniewski Arranges Sale of 4.77 Acres in Medford, N.J.
Woodbridge, N.J., March 9, 2023 – Kislak Commercial Real Estate Services, Inc. announced the recent sale of 4.77 acres at 196-198 Old Marlton Pike in Medford, Burlington County, New Jersey, for $475,000.
Executive vice president Peter Wisniewski marked the property on behalf of the seller, 196-198 Old Marlton Pike, LLC, and he also procured the purchaser, Tudor Development, LLC. This was the last property in a portfolio of surplus sites held by the Lackland Self Storage Company and sold through Kislak.
“What an honor and pleasure it was to work with the Lackland family on selling these surplus sites in their portfolio,” remarked Mr. Wisniewski. He also noted “land values increased significantly since the purchase contract was signed.”
The land is pending approvals as a commercial development site in a Highway Management Zone with permitted uses inclusive of all uses allowed in Community Commercial (CC) or Restricted Commercial (RC) districts. Such uses range from recreational use; fast food restaurants and car washes as conditional use; to housing, assisted living, commercial nurseries, clubs and childcare centers. CCRC developments permit independent living units as well as single family detached and two-family semi-detached homes; townhouses, and apartments.
Located at the intersection of Old Marlton Pike and Route 70, the land is highly visible from Route 73 in a development area within the Pinelands, across from the Medford Shopping Center.
Peter 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 nine 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. He has received the Kislak Transactions award for closing the highest number of transactions in a single year for the last five consecutive years.
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.
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 thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware and Florida.
Now in its 117th year, Kislak was among a select group of firms recognized as a 2021 Power Broker by CoStar Group, Inc. and this was the firm’s 16th consecutive recognition. For the second consecutive year, Kislak was named by NJBIZ as one of its Leaders in Real Estate, Construction and Design in New Jersey.