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Harbor Group International & Azure Partners Acquire Multifamily Property In Somerset For $88M

500 Bristol Boulevard
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This MultiFamily property located in NJ received a loan of $88,000,000 about 3 years ago. The brokers of the deal were Jamie Leachman, Thomas E. Didio, Jr, Matthew Pizzolato, and Amit Kakar

The multifamily property located at 500 Bristol Boulevard in Somerset recently underwent a closed transaction. The property consists of 384 units and was the subject of a loan provided by Freddie Mac Optigo. The loan amount for this transaction was $88,000,000, with a term of 10 years and a floating-rate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $88,000,000
  • Address: 500 Bristol Boulevard
  • Market: Somerset
  • Units: 384

The landlords involved in this transaction are Harbor Group International and Azure Partners. The brokers who represented the parties in this deal were Jamie Leachman, Matthew Pizzolato, Amit Kakar, and Thomas E. Didio, Jr. from JLL Capital Markets.

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Deals
  • Location
    500 Bristol Boulevard, Somerset, NJ, USA500 Bristol Boulevard, Somerset, NJ, USA
  • Loan Value
    $88,000,000$88,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

Jamie Leachman

Jamie Leachman

Deals13
Financed$755.3M

Thomas E. Didio, Jr

Thomas E. Didio, Jr

Deals25
Financed$1.3B

Matthew Pizzolato

Matthew Pizzolato

Deals29
Financed$1B

Amit Kakar

Amit Kakar

Deals7
Financed$308.3M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

[embed] LOAN IMAGE: Jamie Leachman, Matthew Pizzolato, Amit Kakar, & Thomas E. Didio, Jr. DATE: 01/11/2021 ADDRESS: 500 Bristol Boulevard MARKET: Somerset ASSET TYPE: Multifamily UNITS: 384 LENDER: Freddie Mac Optigo LANDLORD: Harbor Group International & Azure Partners BROKERS: Jamie Leachman, Matthew Pizzolato, Amit Kakar & Thomas E. Didio, Jr. - JLL Capital Markets LOAN AMOUNT: $88,000,000 LOAN TERMS: 10-year, floating-rate loan

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500 Bristol Boulevard

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