The Kushner Cos.’ acquisition of a garden apartment complex near Princeton was not only the state’s largest single-asset deal of 2017, but among the top 20 nationwide in a newly released list of multifamily investment sales.
A large medical office building near Princeton has changed hands as part of a seven-state, 1.4 million-square-foot portfolio sale announced Tuesday by JLL.
Another real estate investment firm has made its first foray into New Jersey, acquiring a nearly 900-unit garden apartment complex in Plainsboro.
Kushner Cos. has acquired a 1,032-unit garden apartment community near Princeton for $190 million, bringing the property back under its control more than a decade after selling it.
Another apartment community has hit the market in Plainsboro, an affluent suburb where investors have shown an appetite for value-add opportunities at garden-style properties.
A sprawling garden apartment community outside Princeton is on the market to investors seeking a property in a high-barrier-to entry suburb, according to brokers with HFF.
As an investment opportunity, 800 Scudders Mill Road checked just about every box. A state-of-the-art, trophy office complex that was only three years old. A prime location just outside Princeton. And, perhaps most important of all, a net lease with a blue-chip, global pharmaceutical giant, Novo Nordisk Inc., with a longstanding presence in the market.