Monday, June 9, 2014

HFF closes sale of Hoboken, NJ Class A multi-housing property


Jose Cruz
FLORHAM PARK, NJ – HFF announced today that it has closed the sale of Curling Club Apartments, a 240-unit, Class A multi-housing community in Hoboken, New Jersey.

               HFF marketed the property on behalf of PNC Realty Investors, Inc., as investment advisor to the AFL-CIO Building Investment Trust.  The property was purchased free and clear of existing debt.

               Curling Club Apartments encompasses a full city block in the uptown Hoboken submarket between Grand and Adams Streets and 12th and 11th Streets as well as the northern half of the block between Clinton and Grand Streets and 12th and 11th Streets. 

Kevin O'Hearn
Completed in 1999, the property consists of four five-story residential buildings above a single level parking garage as well as a free-standing, single-story clubhouse and an interior courtyard.  All of the apartments are two-bedroom, two-bathroom units. 

Community amenities at the pet-friendly residence include a fitness center, resident’s lounge, storage units and garage parking.  Residents also benefit from shuttle service to the PATH station.

Michael Oliver
               The HFF investment sales team representing the seller was led by Jose Cruz, Kevin O’Hearn and Michael Oliver out of the New Jersey office and Andrew Scandalios and Jeff Julien from the New York City office.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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