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The Northern New Jersey sales, which comprised 62 units overall, included properties in Belleville, Woodbridge, and South Orange.
The two buildings which span over 110,000 square feet and sit on more than 15 acres are set to be converted into rental apartments.
CBRE recently announced the sale of a three-building, 31-unit apartment complex in Ridgewood, New Jersey.
This week, CBRE announced the $15.6 million sale of 800 Corporate Drive in Mahwah, New Jersey.
CBRE recently announced that Freddy’s Frozen Custard & Steakburgers will be opening its first New Jersey location in Linden this month.
CBRE recently announced the signing of the first major lease at the new Linden Logistics Center.
Earlier this week, CBRE announced the sale of a multi-family development site in Jersey City for $25.5 million.
CBRE announced that Gaslight Commons, a luxury rental community, was acquired by Pacific Urban Residential.
The sale demonstrates the strength of the Jersey City multi-family market despite the pandemic.
A 57-story tower that includes a new school, public plaza, and designated affordable housing units is under construction after being redesigned from a previous version.
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