Brooksville Company and Torchlight Investors have teamed up to buy Northern New Jersey multifamily property, The Grande at MetroPark. Newmark has arranged a $98 million acquisition loan to support the deal; it's unclear which financial institution provided the financing.
The Grande is located in Iselin, New Jersey, and gets its name from its proximity to Metropark Station, which can take residents to New York City and Northern New Jersey. The Class A property, featuring 356 units, was constructed in two phases, delivering in 2019 and 2023, respectively. The residencies range in size from studios to two-bedroom residences. Also, the property has Penthouses.
Moreover, over 50,000 square feet of amenities are included, such as a swimming pool, kids craft room, playroom, dog park, bocce court and residential lounges.
Previously, The Grande was owned by SAMTD Woodbridge Urban Renewal, LLC.
Newmark brokers Christopher Kramer, Adam Doneger, Ryan Bub and Jordan Roeschlaub led the efforts on securing the financing.
Currently, Northern New Jersey possesses strong fundamentals in the rental market. According to Berkadia’s mid-year 2025 national report, the region is commanding multifamily occupancy above 97 percent, joining a handful of other markets, including New York and West Michigan. That comes even as New Jersey is delivering thousands of new apartments, underscoring its resilience in migration and sustained demand from young professional renters and new forming households.
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