MORRISTOWN, NJ—JLL Capital Markets has closed the $92.15 million sale of Parc at Princeton Junction, a 232-unit, Class A, transit-oriented multi-housing community with ground-floor retail space in Princeton, NJ. JLL marketed the property on behalf of the seller, a joint venture between Toll Brothers Apartment Living and the Davis Cos. A private buyer acquired the property.
Built in 2018, Parc at Princeton Junction is comprised of one-, two- and three-bedroom apartment homes ranging from 750 to 1,349 square feet as well as 19,913 square feet of retail space.
The JLL Capital Markets investment sales team that represented the seller was led by Senior Managing Director Jose Cruz, Managing Director Michael Oliver, Senior Managing Director Kevin O'Hearn and Managing Director Steve Simonelli.
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