Search
 

HFF Arranges $87M Fox Run Sale, Financing

PLAINSBORO, NJ-Avalon Bay Communities purchased Fox Run Apartments and assumed existing financing on the property.

By Alyson Grala | Updated on January 07, 2011

PLAINSBORO, NJ-The New Jersey and New York offices of Holliday Fenoglio Fowler LP have closed the sale of and arranged acquisition financing for Fox Run Apartments, a 776-unit multi-housing complex here. The HFF investment sales team, led by senior managing directors Jose Cruz and Andrew Scandalios and directors Jeffrey Julien and Kevin O’Hearn, marketed the property on behalf of the sellers, Angelo Gordon & Co. and Vantage Properties, who have owned the property since July 2009.

Avalon Bay Communities purchased Fox Run Apartments for $86.5 million, or $111,000 per unit, and assumed existing financing on the property. HFF’s Cruz and director John Taylor worked on behalf of Avalon to secure a $10-million, fixed-rate securitized acquisition loan through PNC Real Estate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.