Lincoln Equities Group and PGIM have recently acquired a 48.1-acre development site located at 861 Sloan Avenue in Hamilton, New Jersey from Manchester 270 Development. The purchase price for this transaction was not disclosed.
The property has already received site plan approval for a large-scale development spanning over 420,000 square feet and is expected to be completed within the next two years. Cushman & Wakefield’s team of experienced brokers including Robert Rudin, Gary Gabriel, Kyle Schmidt, David Bernhaut and Seth Zuidema represented the seller while also procuring the buyers.
According to Schmidt, this prime location offers numerous redevelopment opportunities due to its sizeable area as well as favorable zoning regulations. He further added that Lincoln Equities Group and PGIM have established themselves as one of the most successful partnerships in New Jersey’s real estate market. Their extensive knowledge about local markets proved beneficial during this complex transaction process.
This recent acquisition by Lincoln Equities Group and PGIM marks another milestone in their impressive track record of successful developments across the state.
