Facebook Twitter LinkedIn Google Plus RSS

Developers sell 59-unit Hoboken apartment building for $34M

By ,
Developers sell The Artisan apartment building in Hoboken for nearly $34 million.
Developers sell The Artisan apartment building in Hoboken for nearly $34 million. - ()

Less than a year after opening a new 59-unit apartment complex in Hoboken, its developers have sold the property to investors for nearly $34 million.

The companies, Argo Real Estate and Alpine Development, sold the Clinton Street development in a deal announced this week. Chicago-based LaSalle Investment Management acquired the property, which is known as The Artisan.

The 102,000-square-foot, six-story complex includes two four-story luxury apartment towers joined by a two-story base retail space, the sellers said in a news release. The site is located at 1400 Clinton St. and 1440 Grand St. on the northern end of the city.

A joint venture of New York-based Argo and Alpine, which is based in Tenafly, developed the property beginning in 2012 and started leasing its loft-style units last fall, the news release said. The apartments were fully leased within four months.


Best 50 Women in Business push for mentorship and valuing brains over beauty at awards gala

Report: Internal review absolves Christie of wrongdoing in bridge scandal

Seton Hall students find their app, Notefuly, has stickiness

You May Have Missed...

Write to the Editorial Department at editorial@njbiz.com

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy