HFF’s Cruz, O’Hearn, Oliver & Simonelli represent seller in $146M sale
Hoboken, NJ — Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of The Rivington, a 240-unit, luxury apartment community in Hoboken. This transaction represents the largest apartment sale in New Jersey in 2018.The HFF team marketed the property on behalf of institutional investors advised by J.P. Morgan Asset Management. Equity Residential purchased the property free and clear of existing debt.The Rivington is situated at 1130 Grand St. in the heart of the dynamic northwest section of Hoboken, which offers commuters access into Manhattan via the Hoboken PATH Station, 14th St. Ferry Terminal and the NJ Transit bus line. Additionally, the property has a WalkScore of 94 and is within blocks of multiple retail amenities along Washington St. as well as the 5.4-acre Northwest Park. Completed in 1999, The Rivington features 240 two-bedroom, market-rate units housed within four six-story apartment buildings, each with one story of covered parking at ground level. A large portion of units have been renovated since 2014.