Sheldon Gross helps close 2 office units in Holmdel for nearly $1M

Two units in a Holmdel office condominium complex were recently sold in separate deals — with a combined value of $925,000, according to a Monday announcement from Sheldon Gross Realty.

Executive Vice President Jonathan Glick and Assistant Vice President Matt Leonelli helped facilitate the transactions.

Valvano Insurance Agency acquired a 3,000-square-foot office for $485,000, while Staten Island-based pediatric physical therapy practice Leaps and Bounds, in a deal co-brokered by Jaime Zimmel of Zimmel Associates, purchased a 3,000-square-foot unit for $440,000.

Located at 670 N. Beers St., the Holmdel business complex features four identical, two-story buildings surrounded by a large parking area.

Just a five-minute drive from the Garden State Parkway and Route 35, the complex is less than two miles from the PNC Bank Arts Center. Benefitting from northern Monmouth County’s tremendously convenient geography, the location is approximately a one-hour drive both from Midtown Manhattan and the Jersey Shore’s Long Beach Island, and less than 90 minutes from Center City Philadelphia.

“While insurance and physical therapy are very different businesses, it’s essential for both to be near and easily accessible to their customers,” Leonelli notes. “That’s what made these two office condominiums such excellent options — the majority of Monmouth County’s 650,000 residents are less than 30 minutes away, with most of them much closer.”