Office Condominium Closeout in Barnegat, NJ

NEW YORK, May 12, 2011 /PRNewswire/ -- New York based TRANZON, Integrated Property Group ("TRANZON") has announced that it will be auctioning off never occupied professional office condominiums in Barnegat, NJ.  The property, which is located at 249 South Main Street, also known as Route 9, has 1,500+/- SF units that can be combined to make 3,000+/- SF units. It is just 2 miles from the Garden State Parkway. The auction will be handled by professionals from TRANZON's New Jersey office. The auction will be conducted on site on Wednesday, May 25th at 1PM.

"Developers in New Jersey are recognizing that TRANZON's accelerated marketing techniques will garner the interest needed in order to quickly and efficiently move unsold inventory," said TRANZON Auctioneer and Partner Oren Klein. He adds, "We have a tremendous database of not only national but also local buyers. This fact coupled with the knowledge of our on the ground auction team based in New Jersey ensure a positive outcome for motivated developers in this marketplace."

Donald Miller, the developer of the condominiums notes, "We are very proud of our project and are just looking to move the remaining units quickly so we can make definite plans for the future." He adds, "This is a solid clean building in a great location."

"The units themselves will be delivered in a 'vanilla box' condition thus allowing a buyer to put the finishing touches they desire for their specific use," said John Dobos, Marketing Specialist with TRANZON.  He adds, "We are offering units starting at only $95,000 for a 1,500+/- SF condominium. A far cry from the most recent asking price of $350,000 and we expect the attractive pricing to garner some serious interest." With its close proximity to Ocean County Hospital, there has been considerable interest from the medical community in these units.

For direct access to the auction information click here http://bit.ly/officecondos.  Contact TRANZON, Integrated Property Group at (973)753-1313 x 708.

TRANZON, Integrated Property Group, based in the New York metropolitan area, is a full-service auction and real estate disposition company and a member company of Tranzon, L.L.C.  With more than 30 offices from coast to coast, TRANZON's independently owned and operated regional member companies have conducted more than 11,000 auctions in 47 States and the District of Columbia, selling more than $1.6 Billion in asset value since the Company's formation. For a complete list of auctions and sales or to learn more about TRANZON visit www.tranzon.com.

   Press Contact: John Dobos
           (973)753-1313 x 708

SOURCE TRANZON, Integrated Property Group