Port Murray, N.J. (January 21, 2020) –NAI James E. Hanson announces it has negotiated the sale of an 81.6-acre vacant parcel of land at 985 Route 57 in Port Murray, N.J. NAI James E. Hanson’s Sig Schorr represented the seller, Auto & Truck Wreckers, Inc., and the buyer, Irish Meadows, LLC in the transaction.
Formerly the home of an automotive and truck parts recycling facility for over 40 years, NAI Hanson’s Schorr was brought in to help the former owner find a buyer for the property. 985 Route 57’s easy accessibility from Routes 57, 80, and 206 paired with its zoning made it an ideal acquisition for the new buyer, who plans on leasing the space on a per-acre basis for small and larger companies that require storage for heavy and light equipment. The parcel’s location on the summit of a hill also affords a private yet open location for the new buyer.
“A creative and targeted marketing strategy backed by decades of experience goes a long way in representing the seller of a unique property like this,” said Schorr. “For our buyer, understanding their needs in the context of the broader market is crucial to finding them the right property at the right price. Fortunately, we take great pride in our ability to represent both the buyer and seller in transactions just like this and to negotiate fair deals that meet both parties’ business goals.”
