S.V.P. Daniel Lanni Arranges Exclusive Sale in Monmouth County

Woodbridge, N.J., May 13, 2025 – The Kislak Company, Inc. announced the recent sale of 27 acres along Route 33 in Manalapan, Monmouth County, New Jersey, for $4,500,000. Kislak marketed the property on an exclusive basis on behalf of the seller, Public Equipment Rental Company, Inc., with senior vice president Daniel Lanni handling the assignment, and he also procured the purchaser, Menlo 33 Associates III, LLC. Mr. Lanni commented, “This property had been in the same family for over 40 years. Through our exclusive marketing efforts, we successfully secured an all-cash buyer in a relatively short period of time.”

The property is located at Block 78, Lot 19 in Manalapan with prominent frontage along Route 33 and spans 27 acres. It includes zoning for both commercial and residential development with 16 acres designated for commercial use and 11 acres designated for residential use. The transaction was completed as part of an I.R.C. Section 1031 Exchange. Permitted uses on the commercial portion of the property include restaurants, office buildings, and light manufacturing. The purchaser intends to develop the property as an industrial/flex property.

Daniel Lanni joined Kislak in 2010 and is consistently among the firm’s leading producers. He specializes in the sale of multifamily and other investment properties in central New Jersey with a particular focus along the Jersey Shore. Mr. Lanni was the recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a senior vice president in 2019. He has also been recognized by the Mid Atlantic Real Estate Journal as one of its 40 Under 40 in commercial real estate.

About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm 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 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.

Now in its 119th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 19th consecutive recognition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition.