S.V.P. Daniel Lanni Arranges Sale of 30,375 S.F. in Mercer County

Woodbridge, N.J., November 21, 2025 – The Kislak Company, Inc. announced the recent of a  sale of Hopewell Valley Industrial Park, a 30,375-square-foot facility at 1613 Reed Road in Pennington, Mercer County, New Jersey, for $3,300,000.

Kislak marketed the property with senior vice president Daniel Lanni handling the assignment on behalf of the seller and he also procured the purchaser. The parties were not disclosed.

Mr. Lanni commented, “This was a special transaction because the property had not traded in 30 years, and it was a long transaction with several complexities. Yet we worked through every challenge and finally closed with an experienced purchaser who used it to complete a 1031 Exchange.”

Constructed in 1988, the industrial park sits on 8.2 acres and consists of several single-story and one two-story warehouses. Leased by long term tenants whose services range from landscaping, upholstering, motorcar and bus services to an exercise studio, the buildings have over 100 parking spaces. Tenants pay for their own repairs and utilities, a feature attractive to the new owner who also has the opportunity to increase rents.

Zoned SI, the property is located in a residential area where the average household income is $152,448 and is situated only a few miles from Route 1 and I-95. Local transportation via bus and commuter rail is within a 10 to 20 minute drive from the 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.