HFF closes sale of Hoboken Class A multi-housing property

GlobeNewswire Europe

FLORHAM PARK, NJ, June 9, 2014 - HFF announced today that it has closed the sale of Curling Club Apartments, a 240-unit, Class A multi-housing community in Hoboken, New Jersey.
 
HFF marketed the property on behalf of PNC Realty Investors, Inc., as investment advisor to the AFL-CIO Building Investment Trust.  The property was purchased free and clear of existing debt.
 
Curling Club Apartments encompasses a full city block in the uptown Hoboken submarket between Grand and Adams Streets and 12th and 11th Streets as well as the northern half of the block between Clinton and Grand Streets and 12th and 11th Streets.  Completed in 1999, the property consists of four five-story residential buildings above a single level parking garage as well as a free-standing, single-story clubhouse and an interior courtyard.  All of the apartments are two-bedroom, two-bathroom units.  Community amenities at the pet-friendly residence include a fitness center, resident`s lounge, storage units and garage parking.  Residents also benefit from shuttle service to the PATH station.
 
The HFF investment sales team representing the seller was led by Jose Cruz, Kevin O`Hearn and Michael Oliver out of the New Jersey office and Andrew Scandalios and Jeff Julien from the New York City office.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter at twitter.com/hff.

CONTACTS:
JOSE CRUZ
HFF Senior Managing Director
(973) 549-2000
jcruz@hfflp.com

ANDREW SCANDALIOS
HFF Senior Managing Director
(212) 245-2425
ascandalios@hfflp.com

KRISTEN MURPHY
HFF Associate Director, Marketing
(617) 338-0990
krmurphy@hfflp.com




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HFF, Inc. via GlobeNewswire

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