JLL Acquires 20-Acre Development Site In Freehold For $23.5M

A development site located at 550-558 Halls Mill Rd in Freehold has recently been sold. The property spans across 20 acres and was part of a closed transaction. The deal was facilitated by the brokers Marc Duval, Jordan Avanzato, Nick Stefans, and Austin Pierce from JLL. The sale price for the property was $23,500,000.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $23,500,000
• Address: 550-558 Halls Mill Rd
• Market: Freehold
• Acres: 20

This transaction marks a significant development opportunity in Freehold. The property offers a generous 20-acre plot, making it attractive for potential investors or developers looking to capitalize on its size and location. With a sale price of $23,500,000, the deal represents a substantial investment in the development site. The brokers involved, Marc Duval, Jordan Avanzato, Nick Stefans, and Austin Pierce, from JLL, facilitated the transaction and played a crucial role in securing the deal.