LAURENCE HARBOR, NJ-The Schultz Organization/TCN Worldwide Real Estate Services, based in Woodbridge, NJ, has sold the 128,636-sf class A Metropark South office property in Laurence Harbor, NJ to Denholtz Associates of Rahway, NJ. Schultz represented the seller, the Archon Group, in the transaction, which brought Schultz’s involvement in investment sales to more than $150 million in the last year. The purchase price for Metropark South was not disclosed.

Schultz sold Metropark South to Archon in 1998. At the time, the four-story building was 70% occupied. Since then, it has been repositioned and brought to 100% occupancy. Work on the structure included a substantial physical upgrade.

Harvey and Jonathan Schultz were responsible for brokering the latest sale to Denholtz.

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