Fairfield Properties Acquires Property At 148 S Front St From H.I.G. Realty Partners

The Jefferson at Farmingdale Plaza is a 154-unit multifamily community located at 148 South Front St., Farmingdale, NY 11735. The property was built in 2015 and consists of two three-story buildings. It includes amenities such as a health club with a yoga studio, a business lounge, a billiards room, and a media center featuring a movie theater. Additionally, the property houses 20,000 square feet of retail space that is leased to several tenants, including Starbucks, TAO Asian Bistro, and Eastern Breeze spa.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Address: 148 S Front St, Farmingdale, NY, 11735
• Market: Farmingdale
• Seller: H.I.G. Realty Partners
• Buyer: Fairfield Properties
• Seller's Representatives: Kevin Donner (Newmark), Brian Whitmer (Cushman & Wakefield)
• Retail Space: 20,000 square feet

The sale was represented by Kevin Donner and Brian Whitmer, who procured the buyer, Fairfield Properties. They were part of the team at Cushman & Wakefield that facilitated the transaction for H.I.G. Realty Partners, which was involved in a joint venture with JPI Cos.