NEW JERSEY—Montclair Residences at Bay Street Station, located at 11 Pine Street in Montclair, has been purchased by Clarion Partners for approximately $53 million. HFF represented the seller in the transaction.
The Class A property contains 163 units and completed construction in 2009.
Amenities at the property include granite countertops in the kitchen, as well as stainless steel appliances, dual bathroom vanities in select units and 24-hour emergency maintenance. The property also has controlled access, an underground parking garage, fitness center and close proximity to N.J. Transit.