Sheldon Gross brokers $5M sale of 14-acre industrial site in Keyport

A 14-acre industrial property located in Keyport has been acquired by Best Line Equipment from Fragrance Resources Inc. for $5 million, according to Sheldon Gross Realty.

The deal, which includes 17 buildings totaling 73,468 square feet at 100 and 275 Clark St., was managed by Sheldon Gross’ Jonathan Glick, executive vice president; Glenn Jaffe, senior vice president; and Matthew Leonelli, sales representative.

The property was previously used to manufacture perfumes and fragrances. Best Line, a construction equipment rental, sales and service company, has planned to repurpose it.

“A sale of this scope speaks to the exceptional quality and value of the property,” Glick said. “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.”

The property is located in northern Monmouth County and within close access to the Garden State Parkway’s Exit 117, the New Jersey Turnpike and Route 287. The fenced-in site also has undeveloped land ready to expand.