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

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.