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Raritan Township, N.J. (October 4, 2022) – NAI James E. Hanson, the largest New Jersey-based full-service independent commercial real estate firm, announces it has negotiated the sale of 48 acres of vacant land on Sergeantsville Road in Raritan Township, N.J. NAI James E. Hanson’s John Schilp represented both the buyer, The Township of Raritan, and the seller, Eden Holdings, in the transaction. Located along Route 523, also known as Sergeantsville Road and Bonetown Road, the 48-acre site consists of open and wooded land containing varying topography with frontage on three streets and access from several neighboring upscale residential neighborhoods. The property was previously approved for 19 single-family lots. Despite its development potential, NAI James E. Hanson was retained by the seller and buyer to negotiate a sale that would see the property preserved as open space. Working closely with the Township of Raritan, as well as Hunterdon County and the Green Acres Program, the land will now be preserved for future generations to enjoy. “For those who live in New Jersey, we’re well aware of how developed the state has become over the past few decades,” said Schilp. “In an attempt to protect, preserve and enhance New Jersey’s historic natural environment, townships are collaborating with counties and state agencies in order to preserve our dwindling open space. Whether through the creation of recreational options or simply preserving space as open land, these types of transactions help illustrate the additional opportunities available for landowners hoping to find a useful second life for their properties.” To stay connected with NAI James E. Hanson and for updates on the latest transactions and news, please follow NAI Hanson on Facebook, Twitter, and LinkedIn. About NAI James E. Hanson Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise. NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with over 300 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Teterboro office at 201-488-5800 or visit www.naihanson.com # # #