The property involved in this transaction is located at 377 Summerhill Rd, East Brunswick, NJ. AMS Acquisitions purchased the property for $5,100,000.00, with the transaction covering a development site encompassing seven acres. The buyer plans to build four, three-story buildings that will house 96 rental apartments, including 24 affordable units and 72 free market one-and-two-bedroom units.

Summary of transaction details:

• Property Type: Residential Development
• Transaction Amount: $5,100,000.00
• Address: 377 Summerhill Rd, East Brunswick, NJ
• Market: East Brunswick
• Seller: HD Summerhill, LLC, a joint venture of the Hampshire Companies and Diversified Realty Advisors
• Buyer: AMS Acquisitions
• Seller's Rep: Brian Whitmer (Cushman & Wakefield)

Brian Whitmer, along with Ryan Dowd and Peter Welch from the New York Metropolitan Area Capital Markets Team at Cushman Wakefield NJ, represented the seller in this transaction and successfully procured the buyer. The development site is strategically located across from a Shoprite-anchored shopping center and adjacent to the Frost Woods, which offers hiking trails and recreational activities.