TEANECK, N.J. — Heritage Pointe, a 142-unit senior citizen building on Frank West Burr Boulevard, sold for $39.1 million to the Carlyle Group of Washington, D.C., northjersey.com reports.
The four-story building, which sits on 6.6 acres near the Glenpointe Marriott, is 97 percent occupied, according to the seller's agent, commercial real estate brokerage Holliday Fenoglio Fowler. The brokerage also arranged $33.2 million in financing for the buyer.
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