PNK Holdings Acquires 25-Acre Development Site In Hammonton From Quad Partners For $8.2M

PNK Holdings acquired a 25-acre development site at 7 Waterford Road, Hammonton, for $8.2 million. The site, which is fully entitled, is approved for warehouse distribution and light manufacturing, and has plans for the construction of a 280,800-square-foot industrial facility near NJ-73 and the AC Expressway.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,200,000
• Buyer: PNK Holdings
• Seller: Quad Partners
• Brokers: Andrew Landolfi, Tony Rod & Sean Campbell - Lee & Associates
• Site Size: 25 acres
• Construction Start: Early 2025

The transaction involved key figures Andrew Landolfi, Tony Rod, and Sean Campbell representing the buyer through Lee & Associates. Their role highlights the collaboration between the brokerage and both buyer and seller during this significant deal.