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NEWARK, N.J. — HFF has arranged the $24.3 million sale of Mount Prospect Towers, two 15-story multifamily towers totaling 219 units in Newark. HFF represented the sellers, Praedium Group and KABR Group, in the transaction. Azure Partners purchased the multifamily property, which is located at 380 and 420 Mount Prospect Ave. in the Forest Hill section of Newark. The 96 percent-leased property is comprised of studio, one-, two- and three-bedroom units that are undergoing renovations with updated kitchens, baths and flooring. Senior managing directors Jose Cruz and Andrew Scandalios, managing directors Kevin O’Hearn and Jeffrey Julien and associate director Michael Oliver led the HFF investment sales team representing the sellers.