PLAINFIELD, NJ – In its entree into UnionCounty, Teaneck, NJ-based Treetop Development,LLC has acquired the 108-unit Netherwood Villagecollection of apartment properties here for $9.8million.
Adam Mermelstein, a Treetop principal, alsotells Globest.com that the company expects to close any day on the$39-million purchase of a 404-unit multifamily property onBranch Brook Drive in Belleville in EssexCounty, NJ. The company currently has a portfolio ofapproximately 3,000 multifamily units in Essex County.
Treetop acquired Netherwood Village, a HUD garden apartmentcomplex, from Lawrence Garden LLC. Steven Fleissig of the law firmGreenberg Traurig represented Treetop Development in thetransaction. The property at 825 East Front St. features one-,two-, and three-bedroom units.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
