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Cushman & Wakefield Brings a Recently Constructed Apartment Community to Market in Desirable Cedar Grove

CEDAR GROVE, N.J., Mar. 20, 2019 – A fully leased, luxury two-building rental community has come online for sale in Cedar Grove, situated in one of New Jersey’s historically best performing rental submarkets. The 24-unit Zephyr Ridge was completed in 2018 and is 100 percent leased, according to Cushman & Wakefield, exclusive agent representing seller, NJ Investment Group.

“The fully leased Zephyr Ridge luxury apartment community has proven it is positioned to attract residents who are looking for a combination of larger floor plans, new construction and other premier amenities such as rare private garages,” noted Cushman & Wakefield’s Brian Whitmer, who is heading the assignment with Andrew Merin, David Bernhaut, Gary Gabriel, Ryan Dowd and Mark Phillips from the firm’s investment sales team. “Cedar Grove is part of a neighboring collection of affluent townships in Essex County. The local area has an average household income over $150,000, high cost of single family housing, a growing “move-down” population and world-class educational and health care facilities. All of those factors support the demand for Zephyr Ridge, as the community provides the perfect lifestyle and conveniences for its residents.”

Zephyr Ridge consists of two, three-story residential buildings containing a total of 24 two-bedroom, two-bathroom units. The apartments feature large floor plans with high-quality finishes including select units with vaulted ceilings, stainless steel appliances, gas cooking, quartz counter tops, hardwood floors and individual washer/dryers. The community also offers premier amenities, including an outdoor patio with grills, private garage parking, a resident lounge, storage units and a fitness center.

Zephyr Ridge is convenient to mass transit with four NJ Transit rail stations within three miles. The Upper Montclair train station is located under two miles away, providing direct service to New York’s Penn Station. The ride for Manhattan commuters is under 45 minutes. In addition to an abundance of nearby retail stores, the property is a short drive from cultural attractions such as the Montclair Art Museum and the Van Vleck Gardens. Two universities and medical centers are also nearby.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Media Contacts:
Karen Ravensbergen/Jordan Appel
Caryl Communications
201-796-7788

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