Search
 

HFF Sells Apt. for $38M, Industrial for $29M

LEBANON, NJ–A 150-unit apartment community here in Hunterdon County was traded in an off-market transaction for $38 million and a light industrial property in The Meadowlands was sold for $29 million in two deals orchestrated by HFF.

By Antoinette Martin | Updated on June 11, 2014

LEBANON, NJ–A 150-unit apartment community here has been traded in an off-market transaction arranged by HFF. Presidential Place was acquired by Eagle Rock Multi-Family Property Fund for $38 million – $253,000 per unit.

HFF, which has announced a series of recent large deals in New Jersey – including a $125 million Hoboken apartment building sale – also said Wednesday it had closed the $29 million sale of the leasehold interest at 1 Emerson Lane, a 340,000-square-foot light industrial property in Secaucus, New Jersey. 

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.