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AvalonBay Sells Multifamily Property In Lawrenceville, NJ For $208M

1000 Town Court South
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This MultiFamily property located in NJ was sold for $208,000,000 over 2 years ago. The brokers of the deal were Josh Stein, Steve Simonelli, Michael "Mike" Oliver, and Jose Cruz

An apartment complex located at 1000 Town Ct S in Lawrenceville, NJ has been sold for a total of $208,000,000. The property, categorized as a multifamily asset, consists of 632 units with an average price per unit of $329,114. The total square footage of the complex is 707,567, resulting in an average price per square foot of $294. It is worth noting that the seller of the property was AvalonBay.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $208,000,000
  • Units: 632
  • Price per Unit: $329,114
  • Square Footage: 707,567
  • Price per Square Foot: $294
  • Seller: AvalonBay

The sale of this apartment complex was facilitated by the brokers Jose Cruz, Michael Oliver, Steve Simonelli, Kevin O'Hearn, and Josh Stein from JLL. Their expertise and negotiation skills played a crucial role in the successful transaction.

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Deals
  • Location
    1000 Town Ct S, Lawrence Township, NJ, USA1000 Town Ct S, Lawrence Township, NJ, USA
  • Sale Price
    $208,000,000$208,000,000
    $294 PPSF$294 PPSF
  • Area
    707,567 SF707,567 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Josh Stein

Josh Stein

Deals8
Financed$851.4M

Steve Simonelli

Steve Simonelli

Deals29
Financed$2.9B

Jose Cruz

Jose Cruz

Deals66
Financed$5.6B

Michael "Mike" Oliver

Michael "Mike" Oliver

Deals29
Financed$2.1B

Agency

JLL

JLL

Agency
Deals5584
Volume$332.6B

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Deal Summary

SALE IMAGE: Jose Cruz, Michael Oliver, Steve Simonelli, Kevin O'Hearn & Josh Stein DATE: 11/16/2021 ADDRESS: 1000 Town Ct S MARKET: Lawrenceville, NJ ASSET TYPE: Multifamily SELLER: AvalonBay BROKERS: Jose Cruz, Michael Oliver, Steve Simonelli, Kevin O'Hearn & Josh Stein - JLL SALE PRICE: $208,000,000 UNITS: 632 ~ PPU: $329,114 SF: 707,567 ~ PPSF: $294

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1000 Town Court South

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