RIVERDALE, NJ—Alexan Riverdale, a 212-unit, mid-rise apartment property in the Morris County, NJ, community of Riverdale, has been sold for an undisclosed amount to Inland Real Estate Acquisitions. The property has been owned since December 2011 by PGIM Real Estate, according to Real Capital Analytics, a proprietary property research database.
Holliday Fenoglio Fowler's investment sales team, led by senior managing director José Cruz, managing director Kevin O'Hearn and directors Stephen Simonelli and Michael Oliver, marketed the property on behalf of the seller. HFF also worked to secure acquisition financing on the new owner's behalf.
“We were thrilled to work with Joe Cosenza and the Inland acquisitions team,” says Cruz. “Inland Real Estate Acquisitions has facilitated more than $43 billion in commercial real estate across 49 states.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
