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  • Meridian Capital Group’s Schmuckler negotiates

One Wall Partners acquires Park Square Apartments in Rahway


RAHWAY, NJ — One Wall Partners, an owner and manager of transit-oriented workforce housing, has acquired Park Square Apartments, a 159-unit Class-A apartment complex with 6,000 s/f of ground-floor retail space in Rahway. Located at 1 and 2 Park Square in downtown Rahway’s revitalized Arts District, Park Square Apartments features two adjacent four-story buildings connected by a shared courtyard. The buildings were completed in 2009 and 2011. Park Square’s one- and two-bedroom rental units average 1,163 s/f and feature condo-quality finishes such as stainless-steel appliances, oversized Shaker-style cabinetry, granite countertops, full-size washers and dryers and nine-foot ceilings. To complement the luxury unit finishes, the property offers common area amenities, including two fitness centers, clubroom with billiards table, business lounge and controlled-access covered parking.

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