Real Estate Journal — The Best of 2014 — March 27 - April 9, 2015 — 15C
M id A tlantic
The LARGEST MULTIFAMILY SALES of 2014 NAI James E. Hanson
HFF (New Jersey) The Crest at Fort Lee Fort Lee, NJ
Marcus & Millichap (NJ) Canterbury Gardens North Arlington, NJ
47 Legion Drive Bergenfield, NJ
Brokers: Jose Cruz, Kevin O’ Hearn, Steve Simonelli Size: 351 Units The Crest at Fort Lee is situated on 13.09 acres at 900 Crest Lane in eastern Bergen County. The gated prop- erty, built in 1999, is 96% leased and has a mixture of one-, two- and three-bedroom floor plans averaging 1,058 s/f each. The property consists of seven residen- tial buildings that include garage parking, tenant storage, balconies and some renovated units. Community ameni- ties include a clubhouse with heated outdoor swimming pool, state-of-the-art fitness center, indoor basketball court, community room and business center. The prop- erty also has a playground and grilling area.
Brokers: Thomas McConnell, Kevin McCrann, Michael Scrima, Jeremy Wernick Size: 99,000 s/f, 130 Units Canterbury Gardens a 130 unit garden community located in North Arlington, NJ. Canterbury Gardens is made up of 12 buildings with a unit mix of 66 - large one bedrooms and 64 - large two bedrooms. The prop- erty has been owned and managed by the same family for over 70 years. The buyer plans on making major im- provements to the property to enhance the living experi- ence for their tenants.
Broker: Enn Kunnapas Size: 90 Units
Enn Kunnapas, director of NAI Hanson’s Multi- Family Group recently sold the “Villa Rotonda” a 90 unit apartment building at 47 Legion Dr. in Bergen- field. The property was sold via auction and traded for $14.7 million. Enn represented the owners, the Ber- genfield Senior Housing, LLC and the property was purchased by Legion Manor Associates, LLC.
Special congratulations to our Director of our Multi-Family Group, Enn Kunnapas, for selling the “Villa Rotonda”, a five story multi-family building with 90 units. The building, located at 47 Legion Drive in Bergenfield, NJ traded for $14.7 Million. Congratulations!
Congratulations to ALL our Associates and Support Staff for making 2014 a terrific year for NAI James E. Hanson. Your hard work and dedication is second to none.
- William C. Hanson , sior
Great job to Senior Vice President Hal Messer and Director of Capital Markets, Greg James, for arranging the acquisition and financing of a Fedex facility at 300 Bartlett Street in Northborough, MA. This 31,550 sf industrial building was purchased by a Columbia Property Investors for $16.7 Million.
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