(To read more on the multifamily market, click here.)
MORRIS TWP., NJ-Sterling Properties has acquired the 1.6-acresite at 310 Madison Ave. here from Advance Residential Communities.The site is already fully approved for 13 luxury townhomes, and theLivingston, NJ-based Sterling is set to pick up the ball and startwork immediately.
The deal was brokered by Holliday Fenoglio Fowler's FlorhamPark, NJ office, with senior managing director Tony Cuccia leadingthe effort. The sale price was not disclosed.
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