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Arthur Holding sells apartment complex in Lodi

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Brokerage firm Gebroe-Hammer Associates said Tuesday it arranged the sale of 50 units at 82 Contant Ave. in Lodi.

The firm’s Greg Pine and Debbie Pomerantz represented the seller, Arthur Holding, in the sale to a private investor.

The three-story property is located within walking distance to U.S. Route 46 and traded for $7.75 million. The apartment complex is comprised of 48 one-bedroom and two-bedroom units. On-site amenities, according to Gebroe-Hammer, include laundry facilities and parking.

The sale is Gebroe-Hammer’s second transaction in Lodi in 12 months. Last year, the firm arranged the sale of a 642-unit apartment complex at 77 Mary St. in Lodi for $100 million.

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Mario Marroquin

Mario Marroquin

Mario Marroquin covers real estate. A native of El Salvador, Mario is bilingual in English and Spanish. He graduated from Penn State University and worked in Pennsylvania before moving to New Jersey. His email is mariom@njbiz.com.

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