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| 221 Bergen Apartments, Harrison, NJ |
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| 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.
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| 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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