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| Rendering of Signature Place, 3360 Route 66, Neptune, NJ |
FLORHAM PARK, NJ - HFF announced today the sale of Signature
Place, a 25.37-acre, fully-approved multi-housing development site in
Neptune, New Jersey.
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| Kevin O'Hearn |
HFF marketed the property on behalf of a partnership between
Highview Homes and Chase Partners. The
property sold for an undisclosed amount free and clear of debt.
The site is located at 3660 Route 66, south of
Corporate Drive and west of Jumping Brook Road just off Exit 100 on the Garden
State Parkway and in close proximity to the Jersey Shore Premium Outlets.
Once completed, the development will include 272 luxury
apartment units, 8,142 square feet of retail space and associated parking. Current plans include community amenities
such as a 3,792-square-foot clubhouse with fitness center, outdoor swimming
pool, tot lots, rain garden, picnic area and two free-standing parking
garages.
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| Jose Cruz |
The HFF investment sales team representing the seller was
led by managing director Kevin O’Hearn along with senior managing
director Jose Cruz and real estate analyst Marc Duval.
According to O’Hearn, “HFF is pleased to have played a role
in this transaction. The buyer is
getting a fully-approved, extremely well-located site that will be developed
into one of the top Class A apartment communities is Monmouth County.”
Highview Homes and Chase Partners are leading real estate
development companies with expertise in acquisition, planning, design and
construction of multi-housing communities.
Each partner has experience in completing acquisitions and developments
throughout New Jersey and the surrounding Tri-State area.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 |
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