PLAINFIELD, NJ – The boutique real estate firm, West of Hudson has purchased a fully-approved multifamily development site at 803 South Ave. in Plainfield, NJ.
The company acquired the property from the partnership of Bennett Realty & Development and EDEN Property Co. LLC.
Located near the Netherwood train station, the development will total 104 apartment units, once complete.
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The project will feature more than 8,900 square feet of outdoor amenity space with separate seating areas and a grilling station. The development will additionally offer a club room, a fitness center and covered parking.
CBRE's team, comprising Jeffrey Dunne, Jeremy Neuer, Gene Pride and Zach McHale, alongside Nat Gambuzza and Trevor Fiebel, represented the owner and procured the buyer for the transaction.
"We are thrilled with the outcome of the process on behalf of Bennett Realty & Development and EDEN Property Co. LLC in this sale," states CBRE's Neuer. "Plainfield is a community on the rise and the interest in this site reflected that. Tyler Bennett, Dennis Cieri and their team did an amazing job of taking this site through the development cycle."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
