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.
“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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