540 and 560 Route 34 in Matawan — Courtesy: The Kislak Co. Inc.
By Joshua Burd
The site of a new 9,000-square-foot retail building in Matawan has traded for $2.6 million, in a deal arranged by The Kislak Co. Inc.
Daniel Lanni, a senior vice president with the firm, represented EOM 538 R 34 LLC in its sale of the property at 540 and 560 Route 34. He also procured the buyer, Center Stone Property Group LLC, noting that the site has approvals for a second retail building.
“This brand new retail building on Route 34 in the heart of Matawan is ready to be leased,” Lanni said. “The property comes with approved plans to build an additional 9,000 square feet, which the purchaser has scheduled to begin right away. We were able to identify the right buyer and close quickly for the seller.”
Kislak said the building, part of Oak Tree Plaza, has on-site parking and significant foot traffic from nearby apartments. It’s also visible to the more than 13,000 cars that pass on Route 34 each day.
