December 1, 2014
$200 Million Sale of New Jersey Oceanfront Mixed-use Town Center
BlueGate Partners Represented Ironstate Development in the in the $200 million sale of Pier Village, a master planned, mixed-use town center located along the famed beaches of the Jersey Shore in scenic Long Branch, New Jersey. Consisting of multifamily, retail and hotel uses in eight existing buildings, and with approvals in-place for an additional three buildings, the project is the epicenter of Long Branch’s successful beachfront revival. Pier Village was built over three phases including 836 multifamily units, 92 hotel rooms and over 170,00 of retail spread through 11 buildings. With diverse retail options and access to both the boardwalk and beach; residents, tourists and locals alike have numerous reasons to flock to the project.
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.