HOBOKEN, NJ–The Curling Club Apartments, a240-unit apartment complex here, has been sold to JPMorganChase for $125 million, GlobeSt.com has learned.

HFF had marketed the 15-year-old development on behalf ofPNC Realty Investors, as investment advisor tothe AFL-CIO Building Investment Trust, whichacquired the property ten years ago. HFF announced Monday thatit had closed the sale, but did not disclose the price or thebuyer.

Lately, the largest deals in Hudson County across from Manhattanhave been for multifamily development property in adjacent JerseyCity, where JPMorgan is also weighing a major project right now.Last month, the state Economic Development Authority said it willaward the company a Grow NJ tax incentive award totaling $224 millionover ten years if it goes ahead with proposed expansion of itsregional technology and operations hub in Jersey City.

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