4/17/2009

Palisades Park condos sell for $18M

by

Trio

Phoenix Realty Group has purchased 71 residential condominium units in Palisades Park, N.J., for $18 million from Tarragon Corp.

Cushman & Wakefield's Metropolitan Area Capital Markets Group consisting of Jose Cruz, Andrew Merin, David Bernhaut and Gary Gabriel represented the seller in the transaction.

Located at 460 Bergen Blvd., the units are part of the eight-story Trio, which was constructed in 2008, and has a total of 140 residences. The property currently consists of Trio West, a two-building development.

Address: 460 Bergen Blvd., Palisades Park, N.J.

Size: 71 condominiums

Built: 2008

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Filed Under: Multi-Family

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