A vacant 22,000-square-foot fraternal organization headquarters located at 103 Dunns Mill Road in Bordentown has been successfully sold for $4.13 million. The property, originally built in 2010 for the New Jersey chapter of the Scottish Rite, was sold due to declining membership of the organization. The buyer, Tosh Wolfe CIA, CPA, intends to transform the site into a 182,000-square-foot warehouse facility in response to the increasing demand for industrial space in central New Jersey. The property benefits from GC-1 approved zoning.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,130,000
• Market: Bordentown
• Acres: 9
• Buyer: Tosh Wolfe CIA, CPA
• Seller: Scottish Rite

The brokers involved in facilitating this deal were Jerry Fennelly and Matt Fennelly, both representing Fennelly Associates. The planned redevelopment of the property into a warehouse facility demonstrates a strategic investment decision by Tosh Wolfe CIA, CPA, to capitalize on the evolving industrial real estate market in central New Jersey.