CBRE arranges sale of The Highlands at Morris Plains, NJ

Morris Plains, NJ — Representatives of CBRE, led by Jeffrey Dunne, Stuart MacKenzie, Eric Apfel, and Travis Langer, announced the sale of The Highlands at Morris Plains, a class A multifamily community in Morris Plains. CBRE represented the seller and procured the purchaser, a joint venture between Shamah Properties and Sagard Real Estate.

The Highlands at Morris Plains is a value-add, class A multifamily community totaling 116 units in Morris Plains. The property features oversized apartments with open floor plans, a clubhouse with fitness center, dog run, courtyard with BBQ grills, package lockers, and a 175-space parking deck.

The property is situated within a 10± minute walk from the Morris Plains NJ Transit train station, and only a 5-minute drive from Morristown CBD, one of suburban New Jersey’s premier 24/7 downtowns with countless retailers, restaurants, and other entertainment options. Morris County is the State’s top destination for employers with the highest concentration of Fortune 500 companies.