BlueGate Partners, LLC (“BlueGate”) is pleased to
announce the successful sale of The George and Skyline Tower, two distinct high-rise
residential buildings with a total of 174 apartments in the heart of downtown
New Brunswick, New Jersey (collectively, the “Properties”). Both Properties are
located a short walk from New Jersey Transit’s (“NJT”) New Brunswick train
station with direct service to Manhattan; Rutgers University and its nearly 50,000
students and faculty; the global headquarters of Johnson & Johnson and all
of the eclectic retail and dining options of downtown New Brunswick.
Consisting of one- and two- bedroom units along with
2,935 square feet of retail space, the Properties also include numerous amenities
to enhance resident’s lifestyles. The transit-oriented, urban infill location
of the Properties affords residents tremendous access to New Brunswick and its
surrounding areas, as well as the country’s largest metropolitan area, New York
City, in less than one hour.
Representing the seller, Pennrose Properties, BlueGate
sold the Properties to Oxford Realty Group.
BlueGate is a boutique real
estate investment banking firm with offices in New York and Palm Beach, and
offers services in the areas of investment sales, portfolio and property
financing, and debt and equity capital raising for real estate projects.