Lee & Associates arranges 34-acre industrial land sale in Mine Hill

By Linda Lindner (Mine Hill)

Lee & Associates New Jersey on Wednesday said it negotiated the sale of a 34-acre land parcel zoned for industrial development at 128 Iron Mountain Road in Mine Hill.

The commercial real estate firm’s Drew Maffey, Rick Marchisio and Will Ziegler represented the buyer, while Lori Zuck and Jeff Furey represented the seller; both entities are privately held real estate investor/developer firms.

Situated in the heart of Morris County with direct access to Route 46 and proximity to Interstate 80 and Route 10, the site is located in Iron Mountain Industrial Park. Zoned for a wide range of uses — including warehousing, manufacturing, recreation and outside storage, among others — the property presented a rare investment opportunity in a desirable northern New Jersey submarket.

“Demand for quality industrial product in the state’s northern and central counties remains unprecedented,” Maffey said. “The same attributes that provide a strong draw for industrial tenants — including proximity to a deep labor pool and consumer base, and accessibility from numerous major thoroughfares — continue to make Morris County a prime target for investors.”