CBRE Facilitates $12.13M Sale of Oak Tree Plaza Apartments in Old Bridge, NJ
CBRE has successfully closed the sale of Oak Tree Plaza Apartments, a newly constructed, 36-unit Class A residential property located at 600 Route 34 in Old Bridge, New Jersey. The property was acquired by REVL Holdings, marking the firm’s first purchase in this market, for a total of $12.13 million.
The transaction was brokered by the CBRE team of Fahri Ozturk, Richard Gatto, and Zach McHale, who led a comprehensive marketing campaign on behalf of the seller, EOM Realty, a New York City-based developer. CBRE also represented the buyer in this transaction.
“We are proud to facilitate another successful transaction for EOM Realty, a longstanding client of ours for over a decade,” said Fahri Ozturk. “Oak Tree Plaza Apartments is a prime example of the developer’s dedication to quality and craftsmanship, featuring the modern finishes and thoughtful design that today’s renters seek.”
Completed in 2023, Oak Tree Plaza Apartments is strategically located just five minutes from Exit 120 of the Garden State Parkway, providing residents with convenient access to major transportation routes.
