LINDENWOLD, NJ—In the second largest of the Greater Philadelphia Metro Apartment Market's 28 distinct submarkets – Camden West – Gebroe-Hammer Associates has arranged the $7.5 million sale of 148 units at Summit Place, a recently renovated garden-style community located at 411 E. Gibbsboro Rd., in Lindenwold, NJ.
Gebroe-Hammer vice president Adam Zweibel exclusively represented the seller, ARD Lindenwold, and procured the buyer, a private investor who was not identified.
“Known as a friendly, close-knit community with tree-lined streets and scenic woodland areas, Lindenwold is emerging as an enclave for single millennial and established, executive-level out-commuters,” says Zweibel, the firm's Central/South Jersey area market specialist. “For the same reasons the tenant base is drawn to this emerging submarket – extensive highways, the nearby Lindenwold Station transit center, convenient lifestyle services – so are experienced investors.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 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.