Laura’s Glen; 54 South Broadway, Pennsville NJ
March, 2017- Robert V. Tiburzi and James K. Coleman of Houlihan-Parnes Realtors, LLC have arranged for the sale of Laura’s Glen Apartments, a 197-unit Garden Apartment complex located in Pennsville, NJ. In addition, the sale included an adjacent 26 acre parcel of land. This sale represented the conclusion of a successful three year turnaround by the property management team of Houlihan Parnes. A comprehensive program of upgrades to the apartments and grounds along with services to tenants enhanced the attractiveness of the property. The apartment complex sits on 17 acres of land and consists of 10 two-story buildings with one, two and three bedroom apartments along with ample parking, a swimming pool and playground. The site is a short distance from the NJ Turnpike and within 15 minutes of Wilmington, Delaware. The seller was an investment group with a long history of owning this type of property and was represented by Stewart Wolf, Esq. of Goldberg, Weprin, Finkel, Goldstein LLP.