American has condo plans for recently purchased site.John G. Udell, president, and David A. Simon, executive vice president, managing director, Weichert Commercial Brokerage, Inc., announced the sale of 268 Cliffwood Avenue in Aberdeen Township, New Jersey Aberdeen Township is a Township in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the township population was 17,454. Aberdeen Township is part of the Bayshore Regional Strategic Plan, an effort by nine municipalities in northern Monmouth . Weichert represented American Real Estate which purchased the property from Woodmont Properties. Kim Kretowicz, senior vice president, and Steven Richel, vice president, were responsible for the sale of the 51,741 s/f flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History Flex space evolved from light industrial warehouses being converted to office space. , then were subsequently hired by American Real Estate to exclusively market the facility, which is being converted into condominiums. "We are very pleased to have sold 268 Cliffwood Avenue to American Real Estate and awarded this exclusive assignment," stated Kretowicz. "This facility offers an excellent opportunity for buyers and investors looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. diversified, self-contained flex space. We anticipate a great demand." The facility is being converted to suites ranging from 7,500 s/f to 12,500 s/f.. The space offers both warehouse components such as loading docks and 20' ceiling heights and office suites allowing for future expansion. 268 Cliffwood Avenue is located within minutes of the Garden State Parkway The Garden State Parkway is a 172.4-mile (277-km) limited-access toll parkway that stretches the length of New Jersey from the New York state line at Montvale, New Jersey, to Cape May at the southern tip of the state. Its name refers to the state nickname, the "Garden State". and Route 18 and is in close proximity to the New Jersey Turnpike
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