“Its success is reflective of Rockefeller Group's long track record of successful Garden State developments, as well as the shifting market fundamentals that are driving tenants to the 287 market,” says Cushman & Wakefield's Jules Nissim.

New York City-based ESG Kullen, which is active in the South Florida distressed and value-add multifamily investment markets, secured $33 million from Pembrook Capital Management LLC of New York City in connection with the deal.

The trade area for Roanoke Village features developments Circle T Ranch and Alliance as well as Facebook's new $1 billion data center and TD Ameritrade's Corporate Campus, which drive high daytime population counts.