Tuesday, October 11, 2016

HFF closes sale of 104-unit boutique apartment building in Harrison, NJ

221 Bergen Apartments, Harrison, NJ

Jose Cruz

FLORHAM PARK, NJ –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of 221 Bergen, a 104-unit boutique apartment building in Harrison, New Jersey.

HFF marketed the property exclusively on behalf of the seller, a joint venture between The Hampshire Companies and CrownPoint Development Group, Inc.  The TAK Group purchased the asset free and clear of existing debt.

Completed in 2015, 221 Bergen features studio, one- and two-bedroom market-rate units with high-end finishes, including stainless steel appliances, quartz countertops, wood cabinetry, pendant lighting, faux wood plank flooring and in-unit washers and dryers. 

Common area amenities include a 24-hour fitness center with cardio equipment and yoga room, resident lounge, business center, smartphone security/intercom system, remote-operated garage parking and a furnished rooftop terrace with views of Newark and New York City. 

Situated on a 1.48-acre site at 221 Bergen Street in Harrison’s walkable downtown, the property is near the Harrison PATH train station, Interstate 280 and Newark Liberty International Airport.

Kevin O'Hearn
The HFF investment sales team representing the seller was led by senior managing director Jose Cruz, managing director Kevin O’Hearn, directors Stephen Simonelli and Michael Oliver and associate director Marc Duval.

“Harrison continues to attract both private and institutional investors given the access to transportation and quality new construction,” stated Cruz.  “221 Bergen is a great example of the types of quality multi-housing properties that are in high demand in the New Jersey market.”

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | hfflp.com

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