PLAINSBORO, NJ—A joint venture of KRE Group and Oxford Realty Group has acquired The Addison at Princeton Meadows, a 439-unit, garden-style apartment community in Plainsboro, NJ, from Harbor Group International for $73.3 million.
Holliday Fenoglio Fowler represented the seller, a private real estate investment and management firm with worldwide assets valued in excess of $4.7 billion. HFF previously brokered the sale of the property to the seller in 2014. Joseph Brecher, managing director with Gebroe-Hammer Associates, arranged the sale and procured the buyer.
For Gebroe-Hammer, the sale marked a milestone: the firm surpassed the 4,000-unit mark in multifamily sales for Middlesex County, NJ during the past 24 months.
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