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WOOD-RIDGE, N.J. — AvalonBay Communities has sold Avalon Wesmont Station, a 406-unit community located in Wood-Ridge, approximately 15 miles northwest of New York City. Cammeby’s International purchased the community for $161.5 million.
Located at 100 Rosie Square, Avalon Wesmont Station offers a mix of studio, one-, two- and three-bedroom apartments. The average unit size is 959 square feet. Residents have access to amenities such as a pool, sundeck with grills, clubroom with workstations, fitness center. The property also offers covered parking and 18,000 square feet of ground floor retail space.
Jose Cruz, Steve Simonelli, Michael Oliver, Elizabeth DeVesty and Austin Pierce of JLL Capital Markets represented the seller in the transaction.