Stonington Court Apartments 1800 Laurel Rd, Lindenwold, NJ
July 2018- Houlihan-Parnes Realtors, LLC announced the sale of the Stonington Court apartments, a 456 unit garden apartment complex located at 1800 Laurel Road, Lindenwold, New Jersey. The property is located in the suburban Philadelphia area and is a short commute from Center City. Robert V. Tiburzi, Jr. of Houlihan-Parnes represented the seller, a closely held investment company. The seller owned the property for ten years and determined it was the right time to liquidate the investment. Houlihan-Parnes Realtors, LLC was able to effectuate this sale within six months of this decision. Tiburzi said, “the interest in multifamily in south Jersey remains strong as buyers try to make acquisitions before the low interest rate window closes.” The property sold for $27.38 million. The purchaser is a New Jersey based real estate investment investor. The Kislak Company, Inc. represented the buyer. Doran Golubtchik, Esq. of Goldberg Weprin Finkel Goldstein LLP represented the seller.