18C — May 15 - 28, 2015 — NJAA CONFERENCE & EXPO — M id A tlantic
Real Estate Journal
2015 NJAA C onference & E xpo
Investment sales team representing the seller led by Cruz, O’Hearn and Oliver HFF closes $117 million sale of eaves Plainsboro apartments in Plainsboro, NJ
per unit. eaves Plainsboro consists of 58 two-story buildings com-
vides access to the Princ- e t on Junc - tion Transit Station. The c o m m u - nity is also wi thin two mi l es f rom the newl y - opened Uni- versity Medi- cal Center of Princeton. The HFF investment sa l es t eam representing the seller was led by senior managing di-
LAINSBORO, NJ — HFF announced that it has closed the $117
prised of 624 one- and 152 two-bedroom units. Com- munity ame- nities include a centrally- located club- house, fitness center, com-
million sale o f e a v e s Plainsboro, a 776-unit, garden-style a p a r tme n t commun i t y i n P l a i n s - boro, NJ. HFF mar-
munity room with fireplace, outdoor swimming pool with sundeck, tennis courts and jogging trail. The property is situated on 46.4 acres at 60 Fox
keted the property on behalf of the seller, AvalonBay Com- munities, Inc . Fieldstone Properties purchased the as- set for approximately $150,000
Run within walking distance to downtown Plainsboro. The asset is within one mile of Rte.
1, the main thoroughfare in the area, and is a short walk to the NJ Transit bus stop, which pro-
continued from page 4C LEDs are surely becoming a permanent part of our land- scape. •Insurance rebates LED lighting and controls provide an opportunity for better, safer security and can help decrease property risk factors; helping to reduce in- surance cost. •Federal andState rebates Many businesses qualify for both federal and state rebates for installing LED lighting and control upgrades. With payback periods averaging 14 to 18 months and private fi- nancing available for projects, now is the right time to jump on board and start your retro- fit project. Save energy without sacri- ficing style and convenience is one huge benefit that a property owner and / or ten- ant receives by installing LED lighting and control upgrades. Receiving low cost financing, lower maintenance cost and increasing your property value are all great reasons to explore your options today. Stop by Booth #530 while at the NJAA Show; ask Bob how you can increase your property value by installing some new lights. n What is all the fuss about LED. . . rector Jose Cruz , managing director Kevin O’Hearn , as- sociate director Michael Oli- ver and supported by senior managing director Andrew Scandalios . “Fieldstone performed very well and has added a quality asset with upside potential to their growing New Jersey portfolio,” Cruz said. n
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Insurance Agents, Brokers Consultants & Risk Managers for the Real Estate Industry
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101 Eisenhower Parkway, Roseland, NJ 07068 www.cohenins.com
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