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LINDENWOLD, N.J., AND LEVITTOWN, PA.— Local real estate investor Philip Balderston has purchased Coachman Manor, a 546-unit apartment complex located on 401 E. Gibbsboro Rd. in Lindenwold. Joseph Brecher and Eli Rosen of Gebroe-Hammer Associates represented both the buyer and the seller in the $15.88 million transaction. Coachman Manor is located near the PATCO train station and offers a mix of one-, two- and three-bedroom units.
Gebroe-Hammer also represented a limited partnership led by Balderston in the $10.35 million purchase of Edgely Estates, a newly renovated apartment property located at 1610 Edgely Road. The community features 245 studio, one- and two-bedroom units.