M id A tlantic Real Estate Journal — Owners, Developers & Managers — November 18 - December 22, 2022 — 11C
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O wners , D evelopers & M anagers
Executive VP Joni Sweetwood completes sale of 130 units Kislak sells Spring Gardens Apartments in Vineland, NJ for $18.35 Million
V INELAND, NJ — The Kislak Company, Inc. announced the recent sale of Spring Gardens Apartments, a 130-unit gar- den apartment complex at 771 South East Ave. in Vine- land, Cumberland County, for $18,350,000. Kislak marketed the prop- erty on an exclusive basis with executive vice president Joni Sweetwood handling the assignment on behalf of the seller, a longtime client to whom she previously sold other properties in Vineland and elsewhere. Sweetwood also procured the purchaser. The parties were not disclosed. “This is a well maintained and well performing prop- erty with a strong history in a desirable location,” said Sweetwood. “Once we brought it to market, we immediately procured offers from several interested investors and ulti- mately sold the property for above the asking price further demonstrating the continued demand for multifamily prop- erties in New Jersey.” Spring Gardens Apartments is a two-story garden apart- CRE veteran Kevill launches Solitude Cove Capital WASHINGTON, DC — John Kevill , a real estate industry veteran in the Wash- ington region and a recog- nized leader nationally, has launched Solitude Cove Capi- tal, a boutique transaction and advisory firm. Leveraging Kevill’s deep expe - rience, the firm provides highly tailored capital and strategic solutions to owners of real estate in a rapidly evolving market. “Commercial real estate is facing unique challenges now, so the time is right for a firm that can help owners navigate these uncertain waters,” said Kevill, the firm’s Managing Principal. “I have a passion for creative problem solving and truly enjoy being able to spend the proper time with clients to guide them on the best way forward.” Over the course of his ca- reer, Kevill has had leadership positions at several major firms and has executed more than $20 billion worth of transactions. MAREJ
ment complex with 130 units constructed in 1974. It in- cludes 16 buildings with 64 one-bedroom units and 66 two-bedroom units situated on 13.38 acres. The property of- fers galley style kitchens, high ceilings, oversized bedrooms, balconies/patios, large walk-in closets, updated kitchens and bathrooms in select units and washer/dryer hookups. The property is conveniently located in suburban Vineland, a city of 61,000 people, ap- proximately 45 minutes from Philadelphia, Atlantic City and other southern New Jersey
Shore points. Joni Sweetwood joined Kis- lak in 1996 and is one of the firm’s all-time leading sales - people. She has won numerous awards, including the Sima Kislak Jelin Salesperson of the Year award in 2010 and the company’s production award in 2010, 2011, 2012 2013, and 2018. She has also been recog- nized repeatedly as one of New Jersey’s Commercial Broker All Stars and the Mid Atlantic Real Estate Journal’s Execu - tive Women in Business. Her career investment sales total more than $1.3 billion. MAREJ
Spring Gardens Apartments
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