1/10/2008

Cushman & Wakefield direct sale of New Jersey apartments

by

Mariner's Tower

GID Investment Advisers, LLC has purchased Mariner's Waterfront, a 222-unit apartment community in Edgewater, N.J., from New York City-based BlackRock.

Bill Chiasson handled the in-house negotiations for BlackRock while Cushman & Wakefield's Andrew Merin, David Bernhaut, Gary Gabriel and Jose Cruz represented GID.

Mariner's Waterfront is located on the banks of the Hudson River at 100 Tower Drive. It is comprised of the Mariner's Cove, a 44-unit townhome property, and Mariner's Tower, a 178-unit, 17-story high-rise. The apartment communities were built in 1997 and 2000, respectively.

Address: 100 Tower Drive, Edgewater, N.J.

Size: 222 units

Built: 1997 and 2000

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Filed Under: Multi-Family

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