Fennelly named exclusive brokerage for 2 Central Jersey residential development sites

Fennelly Associates has been named the exclusive brokerage firm for a 112.93-acre development site located at 310-324 Friendship Road in South Brunswick and a 30.11-acre development site located at 3000 Water View Drive in Hamilton.

Centrally located between Routes 1 and 130, 310-324 Friendship Road is an undeveloped land parcel that is zoned for residential development. Of the property’s 112.93 acres, 27.6 acres are usable for development.

Just a 30-minute drive down Route 130, 3000 Water View Drive is a development site currently approved for the construction of a three-building, 166-unit multifamily community featuring a clubhouse, tennis court, playground and 339 parking spaces.

“Central New Jersey continues to be a highly sought-after residential market,” Jerry Fennelly, president at Fennelly Associates, said. “In this prime development market, properties like 310-324 Friendship Road and 300 Water View Drive present an ideal opportunity for a real estate developer searching to bring in-demand residential offerings to the market.”