Zimmel Associates has brokered the sale of three adjacent condominiums in Ocean Township, it announced recently.
The sale consisted of three individual condominiums with three separate owners located at 1400 State Route 34, Units A, B and C.
AEI Holdings, an orthopedic group based in Ocean Township, will be taking over the three spaces and turn it into an orthopedic medical office building.
“The game plan was to buy all three buildings, knock them down and build one new building,” David Zimmel, CEO of Zimmel Associates, said. “This orthopedic group is now in the process of designing their 15,000-square-foot medical office building.”
Financial terms of the deal were not disclosed.