JACKSON, NJ—Two real estate parcels totaling355 acres in Ocean County, NJ's Jackson Township – fully approvedfor 902 age restricted homes -- are scheduled to be offered atauction on December 17th, 2014 by MadisonHawk, which specializes in Structured AcceleratedSales.

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The land is located at the intersection of VeteransBoulevard and Perrineville Road and approved for siteplans and the development of two-story, semi-detached active adultresidential buildings with attached one-car garages.

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The property will be sold absolute, regardless of price, saysJeffrey Hubbard, president of Madison Hawk, whichwill be managing and marketing the auction sale. Theparcels will be sold subject to final approval from the UnitedStates Bankruptcy Court District of New Jersey.

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The auction will take place at the offices of WolfSamson, PC at One Boland Drive, WestOrange, NJ 07052. Registration begins at 11:00 AM, with the auctioncommencing at 12:00 PM. Qualified bidders are required to bring a$400,000 certified check to the auction or have certified fundswired to escrowee prior to the auction. Site inspections areavailable by appointment.

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“Land acquisition opportunities in New Jersey, particularly forlarge-scale development, are increasingly difficult to find,” saysHubbard. “This is an ideal situation for alocal or national homebuilder seeking to buy property in NewJersey's 'Grey Belt' where adult homebuyers have traditionallymigrated from the state's northern and central locals to enjoy amore activity-rich lifestyle. Purchasing premium developableland in a strengthening housing market at auction pricing willunquestionably yield a high return on investment.”

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The property is located just off Interstate 95 and the GardenState Parkway and New Jersey Turnpike, providing easy access tomajor cultural, entertainment and business centers north andsouth. Six Flags Great Adventure is locatedjust one mile away, while Patriot's Field SportsComplex and Ocean County Park are a shorttrip away. New York City is located approximately 60 milesaway, while Philadelphia can be reached just 30 miles west and thefamed beaches, boardwalks and attractions of the Jersey Shore areless than 30 minutes away.

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A detailed Due Diligence Packet is required to bid and availableat a cost of $40. For more information, please call 800-547-1045 orvisit www.madisonhawk.com/auctions/jackson.

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Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].