Jones Lang LaSalle Inc.
10/05/2026 | Press release | Distributed by Public on 10/06/2026 07:57
Woodbridge, New Jersey, multifamily community sells for $79M
MORRISTOWN, N.J., Oct. 5, 2026 - JLL Capital Markets announced today the $79 million sale of Avenue & Green, a 232-unit, transit-oriented luxury apartment community in Woodbridge, New Jersey. The property was renamed The Point Woodbridge.
JLL represented the seller, Prism Capital Partners and Northwestern Mutual, in the sale of the property to Pantzer. This marks Pantzer's second acquisition in the tri-state area this year, following the closing of The Point Stamford (641 units) in July 2026.
Avenue & Green was completed in 2021 and offers amenities, including a resort-style pool, landscaped courtyard, BBQ and outdoor dining areas, fire pit, resident lounge, billiards and shuffleboard, state-of-the-art fitness center, demonstration kitchen, bike storage, co-work space, pet spa and covered on-site parking. The property also includes 10,000 square feet of fully leased retail space featuring LeGrand Coffee House, Wonder and The UPS Store, as well as additional service retailers. The property benefits from a 30-year PILOT program providing tax incentives.
The property is located at 10 Green St. in the heart of Woodbridge, steps from Downtown Woodbridge and NJ Transit's Woodbridge Train Station, offering commuters seamless access to Manhattan in 45 minutes. Avenue & Green benefits from direct access to Route 1, the NJ Turnpike and the Garden State Parkway, providing a convenient 30-minute drive to the Jersey Shore and 25-minute drive to Newark Airport. Additionally, the property is ideally positioned within the Metropark/Route 1 Employment Corridor with a diverse tenant base spanning healthcare, logistics, professional services and corporate headquarters.
JLL's Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz, Mike Oliver and Steve Simonelli, Senior Director Elizabeth DeVesty, Director Austin Pierce and Senior Analyst CJ Anania.
"We're honored to have represented Prism Capital Partners and Northwestern Mutual in this successful transaction," said Cruz. "Avenue & Green represents an exceptional opportunity in a supply-constrained market. The property's prime location within the Metropark/Route 1 Employment Corridor, combined with its transit-oriented positioning and long-term PILOT benefits, attracted significant investor interest."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Prism Capital Partners
Prism Capital Partners has a proven track record of creating value through select real estate investments and developments. Geographically focused on the New Jersey/New York/Connecticut regional market, Prism specializes in identifying, acquiring and creating distinctive, value-added opportunities in the office, R&D, education, retail, industrial and residential sectors. To date, the 24-year-old company, with its capital partners, has invested more than $1 billion in 20 projects totaling over 5 million square feet.
About Pantzer
Pantzer is a fully integrated owner/operator of multifamily assets along the Eastern Region of the United States. Pantzer invests through its fully discretionary private equity fund series known as the Pantzer Strategic Real Estate Funds. The company currently owns and manages approximately 13,000 units.
About Northwestern Mutual
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a comprehensive planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. With more than $780 billion of total assets1 managed across the company's institutional portfolio as well as retail investment client portfolios, more than $40 billion in revenues, and $2.5 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than five million people with life insurance, disability income insurance, long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 109 on the 2025 FORTUNE 500 and was recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2026.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.
1 Includes investments and separate account assets of Northwestern Mutual as well as retail investment assets held or managed for clients.
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