Gideon Z. Friedman Of Beachwold Residential Acquires The Forge At Glassworks For $57M

The Forge at Glassworks is a luxury multifamily community located at 118 Glassworks Boulevard in Cliffwood. This property features 170 upscale units, constructed in 2017, and includes various amenities positioned near transit and the Garden State Parkway. The transaction was completed for a total sale price of $57,000,000, equating to a price per unit of $335,294.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $57,000,000
• Units: 170
• PPU: $335,294
• Buyer: Gideon Z. Friedman - Beachwold Residential
• Seller: Brad Ingerman - Ingerman Group
• Brokers: Austin Pierce, Elizabeth DeVesty, Jose Cruz, Michael Oliver & Steve Simonelli - JLL

This transaction involved JLL representing the seller, Ingerman Group, in the negotiation for the sale of the property to Beachwold Residential, led by buyer representative Gideon Z. Friedman. The deal was brokered by multiple JLL agents who coordinated to bring the transaction to completion.