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Tarragon Sells Hoboken Multifamily to CBRE Investors

HOBOKEN, NJ-Cushman & Wakefield returned 800 Madison Street to the market after Tarragon emerged from bankruptcy.

By Debra Hazel | Updated on June 01, 2011

HOBOKEN, NJ-Tarragon Corp. has sold luxury rental building 800 Madison Street here to CB Richard Ellis Investors, announced Cushman & Wakefield, which marketed the property.

The 217-unit, fully leased apartment building, which comprises an entire city block, was completed in late 2008. C&W had been marketing the property while it was under construction, but took it off the market when Tarragon filed for Chapter 11 bankruptcy protection in 2009. Tarragon emerged from bankruptcy in 2010, and C&W again began marketing the project in August. No purchase price was disclosed.

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