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Redwood Realty Negotiates $3.5M Sale of Multifamily Site in Westfield, New Jersey

The site in Westfield, N.J., will be developed into a three-story apartment project known as “The Parker.”

The site in Westfield, N.J., will be developed into a three-story apartment project known as “The Parker.”

WESTFIELD, N.J. — Redwood Realty Advisors has negotiated the $3.5 million sale of a multifamily development site in Westfield. The site will be developed into a three-story apartment project known as “The Parker,” featuring 26 market-rate units and five affordable rentals. Westfield Auto Wash formerly occupied the location at the corner of West Broad Street. Redwood’s Jeremy Wernick represented both the seller, Jeff Zoraian, and the buyer, a New Jersey-based multifamily developer, in the transaction.

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