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CHICAGO, IL - JLL Capital Markets announced today that it has closed the sale of Berkshire Stewards Crossing, a 240-unit, luxury, value-add multi-housing community in the Princeton submarket of Lawrence Township, New Jersey. JLL marketed the property on behalf of the seller, Berkshire Residential Investments. A private buyer acquired the asset. Berkshire Stewards Crossing offers 204 market-rate and 36 affordable units in a mix of one-, two- and three-bedrooms averaging 872 square feet. The...

Private buyer acquires sought-after asset in supply constrained market

JLL brokers sale of The Union at Lyndhurst, which last traded for $99 million in 2015.

The Melville-based company bought the 200-unit apartment complex on 41 acres at 1 Charles Pond Drive and has renamed it Fairfield Charles Pond at Coram.

JLL Capital Markets announced today it closed the $114.45 million sale of the 360-unit Prospect Place Apartments in Hackensack, New Jersey. JLL represented the seller, Kushner Companies, to complete the sale to the buyers, Khosla Capital LLC and DKJ Equity LLC. Prospect Place Apartments total 428,040 rentable square feet and consist of one-, two- and three-bedroom floorplan options. Built in 1995 and 2005, the property was recently renovated, with updated units including in-home washers and dryers, hardwood-style flooring, stainless steel appliances and granite countertops. The building is ...