S.V.P. Daniel Lanni Arranges Exclusive Sale of 6,400 S.F. in Union County

Woodbridge, N.J., April 24, 2024 – The Kislak Company, Inc. announced the recent sale of a 6,400-square-foot retail building at 1683-1687 St. Georges Avenue in Rahway, Union County, New Jersey, for $765,000.

Kislak marketed the property on an exclusive basis with senior vice president Daniel Lanni handling the assignment on behalf of the seller, LMN Financial Group, LLC, and he also procured the purchaser, a private investor that was not disclosed.

Mr. Lanni commented, “The long-term owner contacted us since he was ready to retire and wanted a professional marketing and sale process with fast results. We immediately generated multiple offers and closed in 30 days with an all-cash investor.”

The property consists of a one-story retail building constructed in 1950 on a 14,800-square-foot lot. The building has a newer roof and HVAC system, on-site parking and is fully occupied by three tenants.

Rahway recently reinvented itself increasingly as a diverse regional center for the arts and biological sciences with official certification as a Film Ready Community through the New Jersey Motion Picture and Television Commission; and with Merck’s new global headquarters and Robert Wood Johnson University Hospital situated there. Centrally located, Rahway is 15 miles southwest of Manhattan and 5 miles west of Staten Island.

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 118th year, Kislak was among a select group of firms recognized as a 2023 Power Broker by CoStar Group, Inc. and this was the firm’s 18th consecutive recognition.