Sparta, N.J. (September 17, 2019) – NAI James E. Hanson announces it has negotiated the sale of a 5.76-acre industrial development site at 13 Aaron Way in the White Lake Commerce Park in Sparta, N.J. NAI Hanson’s Sig Schorr and John Schilp represented the seller, Berardi Development Company, and the buyer, Tomco Construction, in the transaction.
Occupying 31.54-acres along the NYS&W freight rail line just off of Route 15, the White Lake Commerce Park is made up of 12 subdivided fully improved lots in the heart of Sussex County. Situated only 12 miles from Interstate 80 and less than five miles from Route 206, the property’s tremendous accessibility makes it ideally suited for a wide range of industrial uses.
As a designated Economic Development District, the White Lake Commerce Park presents developers with unique opportunities to create buildings tailor-made to the specific needs of tenants in northern New Jersey. Each of the 12 lots making up the White Lake Commerce Park are zoned for a number of uses ranging from scientific research and development laboratories to office buildings, storage buildings, warehousing and distribution, light manufacturing, and indoor recreation. Of the White Lake Commerce Park’s 12 development lots, 10 are currently under contract. 13 Aaron Way is the largest lot in the White Lake Commerce Park and the only one to feature direct access to rail siding. Tomco Construction plans to leverage the lot’s flexibility and accessibility to construct a modern industrial building on the site.
This sale marks the latest sale at the White Lake Commerce Park since project partners broke ground on a project on one of the adjacent lots earlier this summer. In late June, NAI James E. Hanson was joined by joint venture partners, Berardi Development Company and Joe Maggio Concrete and Masonry, as well as Sparta Mayor Molly Whilesmith to celebrate the groundbreaking of 5 Aaron Way, a 10,400-square-foot industrial/flex space, in the White Lake Commerce Park. The joint venture partners will also begin construction shortly on the adjacent 1.89-acre lot at 7 Aaron Way to create another 10,400-square-foot industrial/flex building later this year.
“We continue to see increased interest in industrial development in Sussex County as record-high pricing to the east forces developers to look west for prime development opportunities,” said Schilp. “With ideal accessibility and attractive pricing, the White Lake Commerce Park presents developers with a unique opportunity to realize the benefits of this market to capitalize on the boom in industrial development.”
Currently, the White Lake Commerce Park has two remaining lots available for sale starting at 1.89-acres. Additionally, there are industrial/ flex leasing opportunities starting at 10,400 square feet at 7 Aaron Way. For more information on land sales or leasing, please contact John J. Schilp at 973-463-1011, ext. 174 or jschilp@naihanson.com.
