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Four Bergen County properties sold for $56.5M

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Hartz Mountain Industries has sold four properties in Bergen County to Kushner Companies.
Hartz Mountain Industries has sold four properties in Bergen County to Kushner Companies. - (HFF)

Hartz Mountain Industries, Inc., has sold a four-property portfolio to Kushner Companies for $56.5 million, according to a news release issued Thursday.

HFF, a provider of commercial real estate services, announced in the release that it has closed on the sale of the multi-housing properties in Bergen County.

They include:

  • Coventry Square, 20-46 Charles St., Westwood: 103 units
  • Stanford Place, 500 Center Ave., Westwood: 71 units
  • The Madison, 99 Madison Ave., Westwood: 56 units
  • Village on the Green, 229 Collignon Way, River Vale: 46 units

“The Westwood and River Vale properties were among the first residential communities that we acquired when we decided to add multi-housing into our portfolio,” Emanuel Stern, COO and president for Secaucus-based Hartz Mountain Industries, said in a prepared statement. “We’ve been really happy with these properties and we know Kushner will be as well.”

The sales team for Florham Park-based HFF that represented the seller included Jose Cruz and Andrew Scandalios, senior managing directors; Kevin O’Hearn and Jeffrey Julien, managing directors; and Michael Oliver, associate director.

Kushner Companies is headquartered in New York City.

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Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com or @acerimrat on Twitter.

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