14-acre Keyport Industrial Site Purchased by PA-based Manufacturing Dealer

Deal on 616,374-square-foot, 14-acre industrial site brokered by Sheldon Gross Realty

On Jul 23, 2020

In a transaction valued at $5 million, the 14-acre industrial property located in Keyport at 100 and 275 Clark Street has been acquired from Fragrance Resources, Inc. by Pennsylvania-based Best Line Equipment. The deal, which includes 17 specialized buildings with a total square footage of 73,468 feet, was managed by Sheldon Gross Realty Executive Vice President Jonathan Glick, Senior Vice President Glenn Jaffe, and Sales Representative Matthew Leonelli.

The Keyport property had been used to manufacture perfumes and other fragrances. Now, construction equipment rental, sales, and service company Best Line Equipment will repurpose the expansive site.

“A sale of this scope speaks to the exceptional quality and value of the property,” Glick explained. “It’s a sprawling location with a building for just about every possible need, and it provides quick access to multiple major roadways. It’s absolutely ideal for Best Line Equipment’s business.”

Located in northern Monmouth County with direct access to Garden State Parkway exit 117, the property is only 30 minutes from Newark Liberty International Airport, one hour from Brooklyn, and a brief drive to the New Jersey Turnpike and Route 287. The fenced-in site also features currently undeveloped land with potential for expansion.

Best Line Equipment is an authorized dealer for more than 60 major industrial manufacturers and has a sales and service team with 450 members.

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