Member Press Release

Sitar Realty Company, Iselin, New Jersey announced the following real estate sale transactions

Sitar Realty Company, Iselin, New Jersey announced the following real estate sale transactions:

  • The acquisition of a 28,700 sq. ft. office building at 2310 Route 34, Manasquan by 2310 Route 34 LLC from JC Real Estate LLC.  The purchase price was $7,000,000.  Robert JanTausch, Helena Loelius, and Giorgio Vasilis were the salespeople in this transaction. 
  • The sale of a 22,500 sq. ft. office building at 3455 Route 66, Neptune from Kongan, Inc. to 3455 Route 66 Associates, LLC.  The sales price was $2,510,000.   Ron Schrader Jr. and Douglas Sitar were the salespeople in this transaction.
  • The sale of 1.27 acres of land at 445 Shrewsbury Avenue, Shrewsbury from D Three, LLC to Gregory HAMW1.  The sales price was $1,125,000.  Robert JanTausch and Douglas Sitar were the salespeople in this transaction.
  • The sale of a 3,600 sq. ft. mixed use building at 19 East Front Street, Red Bank from 19 East Front Street, Ltd to 19 East Front Street, LLC.  The sales price was $565,000.  Gregg Nowell and Robert JanTausch were the salespeople in this transaction.
  • The sale of a 4,000 sq. ft. office building at 409 North Avenue East, Cranford from National Loan Investors LP to 409 North Avenue E LLC.  The sales price was $585,000.  Brian Murphy was the salesperson in this transaction.
  • The sale of the former Subways, a 1,600 sq. ft. retail building at 35 Route 35, Eatontown from Ralph Calabrese to Luciano Pardini.  The sales price was $450,000.  Joseph Allegro and Douglas Sitar were the salespeople in this transaction.
  • The sale of 3 acres of land at 875 Chamberlain Avenue, Perth Amboy from Neville Partnership, LLC to GGL Developers.  The sales price was $440,000.  Brian Murphy was the salesperson in this transaction.

Based in Iselin, New Jersey, Sitar Realty Company-TCN Worldwide is the largest remaining privately owned commercial real estate firm in New Jersey. The firm has been in existence since 1978. Sitar Realty Company specializes in retail, office and industrial leasing and sales, property disposition, consulting, investments, property management, rent receiverships, development and property tax consulting/tax appeals. The firm has consistently represented owners, developers and corporations for some of the largest leases signed in the New Jersey metropolitan area. Sitar Realty Company also has an office in Sea Girt that focuses on both commercial and residential real estate.

In 2011, Sitar Realty Company was selected to become a member of TCN Worldwide. TCN Worldwide is comprised of more than 800 commercial real estate professionals serving more than 200 markets worldwide. As a member of the TCN Worldwide system, Sitar Realty Company is able to provide corporate real estate services to its clients in national and international markets utilizing the best local expertise.

For more information, please visit the Sitar website at www.sitarcompany.com.