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HFF closes sale of 439-unit residential property in Plainsboro

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Florham Park-based HFF announced Monday it closed the sale of Pheasant Hollow, a 439-unit, garden-style, multifamily community in Plainsboro. Terms of the deal were not disclosed.

According to the announcement, HFF senior managing director Jose Cruz and Andrew Scandalios, managing directors Kevin O'Hearn and Jeff Julien, and associate director Michael Oliver worked on behalf of the sellers, Angelo Gordon & Co. and Vantage Properties. Harbor Group International purchased the asset free of existing debt.

The 1912 Pheasant Hollow Drive property is 91 percent leased and includes studio, one- and two-bedroom units averaging 759 square feet each, the announcement said.

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Emily Bader

Emily Bader

Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com.

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