New York & Tri-State + New Jersey + Apartments | March 26, 2021

Multifamily Development Site Trades in Up-and-Coming Plainfield

CBRE closed the sale of 803 South Ave. in Plainfield, NJ, a fully approved multifamily development site that will total 104 apartment units. The CBRE team of Jeffrey Dunne, Jeremy Neuer, Gene Pride, and Zach McHale, along with colleagues Nat Gambuzza and Trevor Fiebel, represented the owner, a partnership between Bennett Realty & Development and EDEN Property Company, LLC, and procured the buyer, West of Hudson.

“Plainfield is a community on the rise and the interest in this site reflected that Tyler Bennett, Dennis Cieri and their team did an amazing job of taking this site through the development cycle,” said Neuer.

Gambuzza added, “This fully amenitized project will provide its residents with a magnificent 8,900-square-foot outdoor amenity space with three separate seating areas and a grilling station, a club room, fitness center, and covered/secure parking. This project will stand out among the new construction in the area.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).