—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 completedin 2009.
Amenities at theinclude 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.