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-

Michael Oliver

Kevin O’Hearn

Jose Cruz

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

eaves Plainsboro

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-

Andrew Scandalios

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

Significant upfront discounts on Workers Comp! Declared dividends five years in a row! * Savings off the cost of Workers Comp coverage are now possible for eligible members of the NJAA who join our unique Workers Compensation Safety Group. Participation also offers these advantages: • Up front discount – most other carriers have reduced or eliminated managed care and other credits • Potential dividend based on experience of this large group – 5 year average of declared dividends is 9%* • Easier audit process due to calendar year policy • Customized risk management with the insight of E.B. Cohen experts Our Safety Group Members saved over $1,379,160 In the last 7 years on Workers Compensation costs.

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Insurance Agents, Brokers Consultants & Risk Managers for the Real Estate Industry

*Past performance is no guarantee of future results. 2014 to be declared December 2015

101 Eisenhower Parkway, Roseland, NJ 07068  www.cohenins.com

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