Madison, NJ – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of 28 units at the Copper Beech Condominiums, a 46-unit condominium asset located at 34 Loantaka Way in Madison.
A Cushman & Wakefield team of Andy Merin, Brian Whitmer, David Lebenstein, Andy Schwartz, Jordan Sobel and Andre Balthazard represented the seller, Drew University, and procured the buyer, CB Condo Holdings LLC.
“The uniqueness of the Copper Beech asset in the highly sought-after Madison market, coupled with the opportunity for an investor to add real value, made this a very compelling acquisition for CB Condo Holdings LLC,” said Schwartz.
The Copper Beech Condominiums were constructed in 1990. Due to a recent update to the local zoning code, units at the property can now be offered for sale to the public. The 28 sold units consist of 27 two-bedroom units and one three-bedroom unit.
The asset is ideally located three minutes from downtown Madison, which has a walkable downtown area and Midtown Direct train service to New York’s Penn Station.
Cushman & Wakefield Arranges Sale of 28 Condominiums in Madison
Jayden Lapin-Tatman • 12/22/2021
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.