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New York & Tri-State  + New Jersey  + Apartments  | 
150 S. Harrison St. East Orange NJ apartments OneWall Communities

OneWall Trades East Orange Workforce Portfolio for $53M

OneWall Communities, a Stamford, CT-based owner and operator of transit-oriented and suburban lifestyle-workforce housing, sold a 301-unit portfolio of five multifamily rental properties in East Orange, NJ, for $53 million. 

The CBRE team of Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Richard Gatto, Fahri Ozturk, Travis Langer and Zachary McHale, along with Nat Gambuzza and Timothy Blashford, represented OneWall. The CBRE team also procured the undisclosed buyer. 

The properties, acquired by OneWall from 2017-2018, include market-rate workforce housing in close proximity to transit options and to abundant employment. OneWall repositioned and upgraded the properties. 

“We identified the long-term growth trends for workforce housing in East Orange and the greater Newark area when we launched OneWall in 2010,” said Nate Kline, OneWall principal and CIO. 

Dunne added, “The market demand for lifestyle-workforce housing product in transit-oriented markets is stronger than ever and is anticipated to continue for the foreseeable future. 


Inside The Story

OneWall CommunitiesCBRE’s Dunne

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 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).