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Continuing South Harrison Street's Emergence, East Orange MF Portfolio Trades for $27M

The East Orange Towers portfolio includes 106, 111 and 120 South Harrison St., located in the historic Main Street/South Harrison Street residential neighborhood.

By Steve Lubetkin | stevelubetkin | Updated on November 15, 2016

111 South Harrison St., East Orange, NJ 111 South Harrison St., East Orange, NJ

EAST ORANGE, NJ—In what has become one of New Jersey’s exclusive emerging neighborhoods, three East Orange high-rise multi-family towers totaling 249 units located along South Harrison Street changed hands for $27.15 million.

The Gebroe-Hammer Associates brokerage team of managing directors David Oropeza and Joseph Brecher exclusively represented the seller and identified the buyer, respectively. Gebroe-Hammer did not disclose the names, but Real Capital Analytics, a proprietary research database, indicates that two of the buildings were owned by a joint venture of TreeTop Development and Phoenix Realty Group, which acquired them from Fannie Mae.

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