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Annin Lofts multifamily in Verona sells for $56M

Summary by NJBIZ
A two-building Class A multifamily community in Verona, which includes the adaptative re-use of the historic Annin Flag Factory, recently sold with a price tag of $56 million. CBRE announced the sale of Annin Lofts at 151 Bloomfield Ave. Jan. 6. That location puts the property within a mile of bustling downtown Montclair. The commercial real estate services and investment firm represented seller Russo Development and procured the buyer, Bonjour …
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NJBIZ broke the news in on Tuesday, January 6, 2026.
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