Home Atl Hub Atl Hub News Atlantic Hub News Briefs, April 14

Atlantic Hub News Briefs, April 14

Thomas Arnone, the director of the Monmouth County Board of County Commissioners, has updated the public on improvements at the intersection of Sycamore and Hance avenues in Tinton Falls.

The improvements include the installation of a full traffic signal at the intersection of the two busy thoroughfares.

“This project has been significantly delayed due to material shortages resulting from the COVID-19 pandemic. By the time most of the equipment arrived, we were unable to complete the improvements due to the winter weather prohibiting the paving of the roads.

“Now that the weather has improved and the remaining equipment has been received, crews will be on site within the next two weeks to install the conduit, junction boxes, foundation and a “Red Signal Ahead” sign. This work will take approximately two weeks, weather permitting.

“Upon completion of the installation of the “Red Signal Ahead” sign, the milling and paving of all approaches to the intersection will be performed. The paving will be followed by new signs and striping installations which will enable the traffic signal to be put into operation,” Arnone said.

 

A 12,818-square-foot, Class A warehouse space at 5030 Shafto Road in Tinton Falls was leased recently by an e-commerce company in a transaction managed by Sheldon Gross Realty, according to a press release.

The newly constructed Shafto Road building features high bays and a 36-foot clearance for maximum capacity, according to the press release.

“In New Jersey and elsewhere, warehouse space remains in extremely high demand – and even more so when it’s new construction,” said Marcy Gross, president of Sheldon Gross Realty.

“As the exclusive marketing company for this building’s owner, we made sure companies seeking a warehouse location were aware of the property. The strong demand triggered a quick response to our outreach and our next step was using our expertise to identify the prospective tenant that was the ideal fit in terms of the lease rate and various other considerations. Ultimately, this transaction gave all parties exactly what they wanted,” Gross said.

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