CBRE introduced right this moment the sale of Canter Inexperienced, a 153-unit Class A residence group positioned in Union Township, NJ. The CBRE group, led by Jeff Dunne, Stuart MacKenzie, Zach McHale and Travis Langer, represented the vendor, RMS Firms, whereas additionally procuring the customer, Invesco Actual Property, a world actual property funding supervisor.
Accomplished in 2021, Canter Inexperienced provides a best-in-class amenity package deal on over six acres of meticulously manicured grounds. Facilities embody a number of indoor and outside tenant lounges, resort-style pool with cabanas, outsized health middle with spin and yoga studio, HD multi-sport simulator, billiards and shuffleboard, canine run, and co-working areas, amongst others.
CBRE’s Jeff Dunne commented, “Canter Inexperienced is an distinctive, high-quality asset with probably the greatest amenity packages that we’ve seen, particularly for a smaller suburban residence group. The property leased up in a short time, demonstrating the resilient renter demand for Class A+ flats within the Metro New York suburbs, which bodes effectively for Invesco Actual Property’s funding.”
Canter Inexperienced is located in a mature, infill neighborhood solely 40± minutes to Manhattan, and inside 1 mile of the Backyard State Parkway. The property advantages from a 30-year PILOT and has loved strong leasing exercise averaging over 16 leases per thirty days throughout lease-up.
CBRE’s Stuart MacKenzie added, “We’re happy to have represented RMS within the sale of Canter Inexperienced. The group options luxurious residence finishes, in addition to expansive indoor and outside facilities, which is able to proceed to be a serious draw for residents.”
CBRE Institutional Properties is presently advertising and marketing on the market: 15 Financial institution Flats, a 501-unit residence group in White Plains, NY; Rutherford Station Flats, a 108-unit residence group in East Rutherford, NJ; Lofts Two22, a 70-unit residence group in Bayonne, NJ.