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JERSEY CITY, N.J. — JLL Capital Markets has negotiated the sale of a 1.7-acre development site at 107 Morgan Street in the Waterfront neighborhood of Jersey City. Upon completion, 107 Morgan Street will offer approximately 650 apartments, as well as ground floor retail and amenity space. LCOR Inc. acquired the site from Veris Residential for $54 million. Jose Cruz, Ryan Robertson, Michael Oliver, Steve Simonelli and Elizabeth DeVesty of JLL Capital Markets represented the seller and procured the buyer in the deal.