34 — October 2026 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers 300-unit rental community draws renters to suburban Essex County, NJ Strong demand pushes Sterling Properties and Danbro Properties’ Canterly Place past 50% leased
IVINGSTON, NJ — Sterling Properties and Danbro Proper- ties announced that Can- terly Place, their new 300-unit luxury rental community at 51 Okner Pkwy. in Livingston, is now 50% leased. Located along the Passaic River, Canterly Place’s combi- nation of upscale apartment homes, resort-style amenities and convenient access to nearby retail, dining and employment destinations has driven strong demand across generations. “Reaching this milestone speaks to the strong demand L
and geographies, from young professionals leaving Hobo- ken, Jersey City and NYC for more space to local empty nesters looking to remain in the communities they know and love. Canterly Place offers a high-quality housing option that has historically been dif- ficult to find in this market.” Completed in early 2026, Canterly Place features 300 one-, two- and three-bedroom apartment homes equipped with quartz countertops, stainless steel appliances, kitchen islands, in-unit wash- ers and dryers, custom closet
systems, rain showers and ceilings reaching up to 10 feet. Beyond the residences, Can- terly Place’s award-winning amenity package earned the 2026 Excellence Award for Best Multifamily Amenity Space from the Urban Land Institute Northern New Jersey District Council . The extensive collection of indoor and outdoor amenities is designed around wellness, productivity, recreation and social connection. Residents have access to an onsite con- cierge, grand atrium lobby, secured and covered parking deck, co-working spaces, cof- fee house, clubroom, private dining room, library, fitness center and yoga studio, game lounge and golf simulator. Canterly Place was designed by Lessard Design , with in- teriors by Mary Cook Associ- ates . Site work was completed by R&R Construction . The project team also included Mot- ley Associates as structural and MEP engineer, Dynamic Engineering as civil engineer and Arterial as landscape architect. Northwestern Mu- tual served as a financial part - ner on the development. MAREJ Icon arranges $5.3M sale of 16- unit Roselle Park property 351 West Clay Ave. ROSELLE PARK, NJ — ICON Real Estate Advisors has arranged the $5.3 million sale of 351 West Clay Ave., a 16-unit mixed-use property in Roselle Park. ICON director Ben Susskind represented both the buyer and seller in the sale. The property was acquired by a private inves- tor completing a 1031 exchange. Originally constructed as Condominiums, 351 West Clay Ave. presented additional tax considerations during the sale. ICON worked closely with both parties to address those issues and keep the deal moving to- ward an on-time closing. 351 West Clay Ave. compris- es 14 oversized two-bedroom residences and two occupied retail spaces. MAREJ
Canterly Place
for this type of housing in Liv- ingston and across suburban Essex County,” said Andrew
Zuckerman , senior VP of Sterling Properties Group. “Interest spans generations
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