MEDFORD, NJ—The Kislak Company arranged the sale of Haynes Run Apartments, a 148-unit apartment complex in Medford, NJ, to an unidentified buyer for an undisclosed price.
Kislak senior vice president Matt Weilheimer represented both parties, longtime Kislak clients, in the off-market transaction.
“The long-term owner took advantage of the current strong demand among investors for multifamily real estate,” says Weilheimer. “The local market lacked available properties of this caliber. Properties of this construction, condition and size are rarely available in southern Burlington County. The buyer plans to improve the property through upgrades including new roofs, siding, landscaping, parking lots and a children's recreational center. Apartments will also receive new fixtures and finishes.”
Haynes Run Apartments consists of a combination of one- and two-bedroom apartments situated on 22 acres. Each apartment has an individual entrance with central air conditioning, individual gas heater, rear door or patio door leading to a private patio or balcony, and full-size washers and dryers.
The property is about /20 miles from Philadelphia near the New Jersey Turnpike, I-295, Route 70, Route 73 and Route 206. The location also provides residents with access to golf courses, parks, and other recreation areas.
Weilheimer joined Kislak in 1996 and has won numerous sales production awards at Kislak including the company's 2010 Production Award.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
