New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
- ◦Sale/Acquisition
