FLORHAM PARK, NJ—The Harrison, a 316-unit, 20-story apartment property in Franklin Township, NJ, has traded hands for $54 million.
Holliday Fenoglio Fowler marketed the property exclusively on behalf of the seller. Neither the seller nor the buyer were identified. The buyer purchased the asset free and clear of existing debt, HFF says.
The Harrison, at 575 Easton Avenue, is less than one mile from Rutgers University and downtown New Brunswick. Originally built by the seller in 1974 and most recently renovated in 2015, the 11.4-acre property offers views of the Raritan River, Rutgers Stadium and downtown New Brunswick, and is accessible to major highways, including Interstates 95 and 287 and Routes 18 and 1.
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