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New York & Tri-State  + New Jersey  + Apartments  | 

RMS Makes First NJ Development Site Deal

CBRE arranged the $6-million sale of Liberty Place Development Site, a 6.4-acre multifamily development site in Union, NJ that is fully approved for 153 apartment units.

The firm’s Jeffrey Dunne, Gene Pride, Jeremy Neuer, Eric Apfel and Zach McHale, along with colleagues Nat Gambuzza and Trevor Fiebel, represented owner Sherwood Group Associates, while also procuring the buyer, RMS Companies, in its first New Jersey acquisition.

The site is located in a quiet residential neighborhood with access to regional transportation via the Garden State Parkway and NJ Transit Stations in Union and nearby Roselle Park and nearby residential amenities of shopping, dining, entertainment and recreation.

“The suburban location is the right place for new residential development as demographic trends show increasing interest from renters in places like Union that offer convenient access to employers throughout the region, while also providing a high quality of life in a suburban setting,” said Dunne.

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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 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).

  • ◦Development
  • ◦Sale/Acquisition
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