Shamah Properties Adds Luxury Complex in Princeton
Shamah Properties acquired Copperwood Apartments in Princeton NJ, for $70.35 million. The seller wasn’t identified.
The 153-unit luxury complex at 300 Bunn Dr. is located near downtown Princeton and Route 1. It was built in 2015.
“Shamah Properties purchased Copperwood because it is a core asset located in an established growing market where we see much growth potential,” said Shamah Properties’ director of acquisitions/CFO, Edward Setton. “We are also looking to buy more multifamily properties in New Jersey, Philadelphia, Connecticut, North Carolina, Atlanta and parts of Florida.”
The buildings are linked by landscaped walkways and seating areas as well as an underground garage that spans all of the units. The complex includes 30 acres of preserved scenic woodland, and offers residents outdoor exercise paths, fitness center, BBQ areas, assigned parking in a heated garage and state-of-the-art kitchen and bathroom finishes.
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).
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