New York & Tri-State + Tri-State | August 15, 2018

NAI Hanson Brokers 244-Acre Land Sale to Conservation Groups

A public-private partnership of conservation groups has acquired 244 acres of land along Mt. Lebanon Road in Hunterdon County, NJ’s Lebanon Township to preserve it from future development.

NAI James E. Hanson’s John J. Schilp and Sigmund Schorr represented both the buyers, which included the New Jersey Conservation Foundation and the New Jersey Green Acres Program, and seller Earl Pelio. Terms were not disclosed.

The five land parcels were listed separately, with the option to purchase together. The property, which features open and wooded land along Mount Lebanon, Sharrer and Turkey Top Roads, has been eyed by preservation groups for years and they recognized that this was the right time to make the purchase.

“As real estate development continues to move west and north in the state, we continue to see preservation groups show interest in acquiring and protecting high-quality land like this from development,” said Schilp.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).