Cushman & Wakefield Brokers 360-Unit Multifamily Sale in Fishkill, N.Y

FISHKILL, N.Y. - Jan. 6, 2016 - PRLog -- The Village at Merritt Park has traded ownership in a sale orchestrated by commercial real estate services firm Cushman & Wakefield. Hampshire Properties acquired the 360-unit luxury rental apartment community from TGM Associates.

Andrew Merin, Karen Iman, David Bernhaut, Gary Gabriel, Brian Whitmer, Kyle Schmidt and Ryan Dowd of Cushman & Wakefield’s Metropolitan Area Capital Markets Group, based in East Rutherford, N.J., brokered the transaction. “This offering drew highly competitive bidding from a host of premier multifamily investors,” noted the team’s Brian Whitmer, who headed the assignment. “Throughout its period of ownership, TGM Associates did an impressive job maintaining the quality of the curb appeal and lifestyle at The Village at Merritt Park. Hampshire Properties recognized this and was also attracted by the future potential supported by the stability and strengthening fundamentals of the lower Dutchess County multi-family market.”

Located on 41 acres at 80 Jefferson Boulevard, The Village at Merritt Park includes 16 two-story residential buildings and resort-style amenities. Residents enjoy a gated entry, clubhouse/leasing center, heated swimming pool, tennis and basketball courts, 24-hour fitness center, movie theater, children’s playground and other lifestyle features. The property is located minutes from Interstate 84’s Exit 13, within walking distance to grocers, restaurants and big-box retailers.

Cushman & Wakefield’s Metropolitan Area Capital Markets Group specializes exclusively in investment sales of office, industrial, multifamily and retail properties throughout New Jersey, New York, Fairfield County, Conn., Pennsylvania, and Delaware. The team has completed more than $17 billion worth of transactions since 2000, closing on $1.2 billion in 2014.

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About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.