REBusinessOnline

CBRE Global Investors Funds Acquires 350-Unit Apartment Community in New Jersey

ENGLEWOOD, N.J. — A fund advised by CBRE Global Investors has acquired The Brownstones at Englewood South, an apartment community located at 73 Brownstone Way in Englewood, for an undisclosed price. The 350-unit property features a mix of loft, flat and townhome-style floor plans with high-end finishes, including granite countertops and stainless steel appliances. Community amenities include a clubhouse, fitness center, pool and deck and green space. The buyer has an interior and amenity upgrade plan for the property. The property, which features 12,521 square feet of ground-floor retail space, was 98 percent occupied at the time of sale. Jose Cruz, Kevin O’Hearn, Michael Oliver and Andrew Scandalios of HFF represented the undisclosed seller in the transaction.

Get more news delivered to your inbox. Subscribe to France Media's twice-weekly regional e-newsletters. Click here.



Related News

Conferences