Horizon Equities Acquires Ocean County Middle Market Portfolio For $46M

The Ocean County Middle Market Portfolio, located in Ocean County, Toms River and Brick, was sold in a recent transaction. The property consists of retail and office spaces, with a total area of 310,023 square feet. The sale price for the portfolio was $46,000,000, resulting in a price per square foot of $148. The transaction took place on January 19, 2023.

Summary of transaction details

• Property Type: Retail & Office
• Transaction Amount: $46,000,000
• Address: Ocean County Middle Market Portfolio
• Market: Ocean County, Toms River & Brick

The buyer of the property was Horizon Equities, represented by Joe Kotler. The seller was Edele Hovnanian. The deal was facilitated by the brokerage team consisting of Alan Cafiero, Brent Hyldahl, Seth Goldberg, and Brad Nathanson from Marcus & Millichap.