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Pewter Village Sells for $7M

COLLINGSWOOD, NJ—The active-adult apartment complex appealed because of high occupancy and location near a historic retail district, says Gebroe-Hammer Associates, which represented both buyer and seller.

By Debra Hazel | Updated on January 23, 2012

COLLINGSWOOD, NJ-Pewter Village, an 84-unit active-adult garden-apartment complex at 1058 Eldridge Ave. here, has been sold by Pewter Realty LLC to a private investor for $7.2 million, Gebroe-Hammer Associates tells GlobeSt.com exclusively.

Gebroe-Hammer represented the seller and procured the buyer, a long-time firm client, says Joseph Brecher, the Gebroe-Hammer executive vp who arranged the deal with Joel Schwartz, also an executive vp with the firm.

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