Managing Director Jeff Squires Arranges Off-Market Sale of 10 Properties with 540 Units
Woodbridge, N.J., January 2, 2026 – The Kislak Company, Inc. announced the recent sale of a 10-property multifamily portfolio throughout Union County, New Jersey for a total of $90,000,000. The portfolio includes the following properties.
- Sunrise Village Apartments, 145 Jerome Street, Roselle Park – 275 units
- 127-135 East Fifth Avenue, Roselle – 48 units
- Chilton Manor, 212 Westfield Avenue, Elizabeth – 39 units
- Cheryl Gardens, 408 Chestnut Street, Roselle – 32 units
- Riverside Apartments, 145 Dock Street, Rahway – 30 units and 1 commercial space
- 123 West First Avenue, Roselle – 30 units
- Astoria Manor, 854 West Grand Street, Elizabeth – 24 units
- Michael’s Manor, 143-147 East Fifth Avenue, Roselle – 24 units
- Briar Lane Apartments, 222 East Westfield Avenue, Roselle Park – 23 units
- White Rose Apartments, 214-216 East First Avenue, Roselle – 14 units
Kislak’s managing director Jeff Squires arranged the off-market sale on behalf of the seller and longtime client, Landmark Companies of Keasbey, New Jersey and its principals. Mr. Squires also procured the purchaser, which was not disclosed. The sale is among the largest multifamily sales in New Jersey in 2025 according to data available from CoStar.
Landmark’s principals Michael Gottlieb and Eric Harvitt completed the transaction as part of their effort to reposition Landmark. The sale was part of an exchange of some noncore legacy properties into a more recently developed residential community in Raleigh, North Carolina. They commented, “We are making an effort to position our company for future success by diversifying geographically and improving the product type we own and manage. New Jersey will always be the center of our universe and we are excited about future development and acquisitions here, but we also feel it is healthy to have a presence in other markets as well.”
Mr. Squires commented, “The sale of the portfolio represents an extraordinary value-add opportunity for the purchaser to acquire over 500 well-maintained units in some of the strongest rental markets throughout northern New Jersey. Most of the properties had been owned and managed by the original developer’s family across three generations.”
The portfolio includes a mix of studio apartments, one-bedroom units and two bedroom units in suburban garden apartment complexes throughout Union County, New Jersey, all with on-site parking and a variety of amenities. All of the properties are well located among an abundance of commercial offerings and convenient mass transit options to and from New York City and throughout northern and central New Jersey.
Jeff Squires joined Kislak in 2007 and specializes in the sale of multifamily and retail investment properties throughout northern and central New Jersey. After his first year with Kislak, Mr. Squires received the firm’s prestigious Rookie of the Year award and was subsequently promoted to a vice President in 2009 after only two years with the firm. In 2017, Mr. Squires was again promoted to a senior vice president and in 2024 he was promoted once more to a managing director. He is consistently one of the firm’s top producers and serves as an exemplary guide for new salespeople and the sales team.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.
Now in its 120th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 19th consecutive recognition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition.
