PLAINFIELD, NJ – In its entree into Union County, Teaneck, NJ-based Treetop Development, LLC has acquired the 108-unit Netherwood Village collection of apartment properties here for $9.8 million.
Adam Mermelstein, a Treetop principal, also tells Globest.com that the company expects to close any day on the $39-million purchase of a 404-unit multifamily property on Branch Brook Drive in Belleville in Essex County, NJ. The company currently has a portfolio of approximately 3,000 multifamily units in Essex County.
Treetop acquired Netherwood Village, a HUD garden apartment complex, from Lawrence Garden LLC. Steven Fleissig of the law firm Greenberg Traurig represented Treetop Development in the transaction. The property at 825 East Front St. features one-, two-, and three-bedroom units.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
