M id A tlantic Real Estate Journal — Owners, Developers & Managers — October 2023 — 5C
www.marej.com
O wners , D evelopers & M anagers
3403 Rte. 33 Neptune, NJ rooftop install spans +72,000 s/f and boasts a capacity size of 744 kW Andover Properties’ accessible community solar project powers over 100 Homes
KLNB oversees sale of two MD Multifamily Properties WASHINGTON, DC – KLNB announced the comple - tion of a multifamily purchase involving two apartment prop - erties in Gaithersburg, MD: Towne Crest and Chelsea Park, which boast a combined total of 194 units. Three bro - kers from the KLNB Capi - tal Markets team, principal Rawles Wilcox , senior vice president Jared Emery , and vice president Dutch Seitz , represented the buyer, Acento Real Estate Partners . The seller was unrepresented, and the purchase amount has not been disclosed. Located at 17500 Towne Crest Dr. and 14 S Frederick Ave. in Gaithersburg, Towne Crest and Chelsea Park are located in proximity to ma- jor employment and lifestyle destinations, including the NIST Campus, the Kentlands neighborhood, and RIO Wash - ingtonian Center. This prime location offers residents not only the convenience of nearby amenities but also easy access to key transportation routes, enhancing the appeal of these properties. MAREJ N EPTUNE, NJ — An- dover Properties , an investment firm that owns, operates, and de- velops commercial property throughout the United States, is proud to announce that its community solar project has been officially completed. This project involved the installa - tion of enough solar panels to power over 100 homes and will act as a key component of Governor Murphy’s clean energy agenda which aims at achieving 100 percent clean energy by 2050. This significant milestone underscores Andover's com - mitment to sustainable energy solutions and expanding ac - cess to solar power for all. The project, located at 3403 Route 33, Neptune, NJ, features a massive rooftop installation spanning over 72,000 s/f and boasting a capacity size of 744 kW. One of the standout features of this project is its dedication to promoting environmental justice through energy equity. By ensuring emphasis on low-
to moderate-income house - holds, Andover can ensure that solar energy is accessible to a diverse range of residents, including renters and families facing economic challenges. Moreover, the completion of this project is set to deliver guaranteed lower energy bills to those who subscribed to receive the power it generates. This not only contributes to a greener future but also pro - vides tangible financial ben - efits to the local community. “Self-storage leaders like Andover Properties can play a unique role in helping fight
climate change by dedicating their rooftops to community solar projects like this one,” said Shaun Keegan , CEO and co-founder of Solar Landscape. “We’re proud to partner with Andover Properties to bring the many benefits of this rooftop project – cleaner air, lower en- ergy bills, and clean energy job training – to nearby residents.” Andover Properties express - es its gratitude to the New Jer - sey Board of Public Utilities for its support and recognition of this initiative, which aligns with the state's clean energy objectives. MAREJ
3403 Route 33
YOUR LIABILITY INSURANCE UNQUESTIONABLY HAS A POLLUTION EXCLUSION That means no protection against direct and indirect liability losses, and property devaluation, caused by mold, bacteria, legionnaires disease, oil spillage, lead, and many more pollution-related claims. E. B. Cohen Insurance and Risk Management has solutions and coverages to fill this gap in your security.
GET A FREE RISK SURVEY AND NO OBLIGATION CONSULTATION TODAY
Made with FlippingBook - Online catalogs