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LAWRENCEVILLE, NJ-The Laramar Group, which has been on an aggressive $200 million buying spree of late, has just added a New Jersey luxury garden apartment complex to its portfolio. The Aurora, IL-based company has snapped up the 240-unit Steward’s Crossing in Mercer County, paying $30.5 million for the rental property.

Located at 1000 Steward’s Crossing Way in this Princeton/Trenton area community, the property was sold by Lend Lease Real Estate Investments. No further details of the transaction were released. The sale price factors out to just under $127,100 per unit.

The Washington/Baltimore and Philadelphia Multi-Housing Group of CB Richard Ellis represented the seller in the transaction. Specifically, CBRE’s William S. Roohan, Robert Miller, Michael Muldowney, John McFadden, Patricia Bonebrake and Mitchell Gold were all involved in arranging the deal.

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