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New York & Tri-State  + New Jersey  + Industrial  | 

Spec Build Will Rise on Sussex County Sites

NAI James E. Hanson negotiated the sale of two industrial development sites at 2 and 4 Aaron Way in the White Lake Commerce Park in Sparta, NJ. The firm’s John Schilp represented the seller, Berardi Developers.

Purchased by a Morris County-based developer, the two sites will be transformed into a 30,000-square-foot spec warehouse to meet growing demand in the Sussex County industrial market.

Schilp was retained in 2019 to facilitate the sale of the 12 lots comprising the site. With the last lot due to close in late March, Schilp has now brought several developers to White Lake Commerce Park.

“Just a few years ago, Sussex County was far from front of mind when it came to spec industrial development,” Schilp said. “However, record-high pricing to the east has forced developers and tenants to look to the area to meet their industrial real estate needs.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Development
  • ◦Sale/Acquisition
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