MONTVILLE, NJ—An affiliate of New York City-basedCammeby's International has acquired the 764-unitRachel Gardens apartment complex here for $136million. The property was in the center of a 21-year high-profilelawsuit involving New Jersey developer ZygmuntWilf.

The deal was announced by Woodridge, NJ-based brokerage firmThe Kislak Co. Inc., which said the deal involvedthe largest multifamily property sale in the state of New Jerseysince 2011. The sale was based on a court order last year when aMorris County Superior Court Judge awarded $110 million to twobusiness partners who claimed they were cheated out of revenue fromthe complex. Kislak Vice President Jeff Squiresrepresented both parties in the transaction. PresidentRobert Holland and COO JasonPucci provided transaction management and support.

Kislak was appointed as the exclusive broker after JudgeDeanne Wilson ruled against Wilf, who owns the NFL'sMinnesota Vikings, and his family in the case brought by formerWilf partners Ada Reichmann of Toronto and her brother JosefHalpern, according to NJBiz.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.