EAST ORANGE, NJ – Gaia Real Estate Co. andHarel Insurance Investments & Financial Services have sold a20-story apartment tower in East Orange for $39.3 million – onlytwo years after purchasing it for $30 million in a jointventure.
GlobeSt.com learned exclusively that thebuilding at 320 South Harrison St. has been purchased bySDK Realty Corp., which was represented by HFF’sJose Cruz.
Gaia’s managing partners Amir Yerushalmi andDanny Fishman said in a brief statement: “Weare pleased to generate great returns to our investors byidentifying this unique added-value opportunity and managing thecapital improvement project and disposition.”
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