Summit garden apartment complex sells for $22M

Summit garden apartment complex sells for $22M

A garden apartment complex recently sold for $22.15 million in desirable Summit. The Kislak Co. Inc. announced the sale of The Parc at Summit at 26 Locust Drive March 18. Referencing CoStar data, the company said the deal is the largest multifamily transaction in Summit in at least a decade. And in terms of price and price per unit, Kislak said the sale represents the largest in Union County since 2022. President Robert Holland and Managing Dire…