Tishman Speyer Expands Global Multifamily Portfolio with Acquisition of Two South Willow in Montclair, New Jersey

Tishman Speyer pays $96M for Montclair multifamily

Tishman Speyer is growing its multifamily portfolio with the addition of a 200-unit property in North Jersey. The New York-based real estate owner, developer, operator and investment manager announced its acquisition of Two South Willow for $96.15 million April 17. According to Tishman Speyer, the 172,279-square-foot property located at 2 S. Willow St. in Montclair is currently 98% leased. The building also offers ground-level retail space. Comm…

Tishman Speyer acquires Two South Willow in Montclair for $96 million

Tishman Speyer announced its acquisition of Two South Willow, a 200-apartment building located in the heart of downtown Montclair, just 12 miles from Manhattan. The firm acquired the 172,279-square-foot multifamily property, located at 2 South Willow Street, for $96,150,000. Completed in 2021, it features 180 market-rate and 20 affordable units ranging in size from studio to two bedrooms. The building boasts street-level retail space featuring a…

Tishman Speyer buys 200-unit Montclair rental property in $96 million deal by CBRE – Real Estate NJ

2 South Willow St. in Montclair — Photo by Skyviews Survey/Courtesy: Tishman Speyer By Joshua Burd Tishman Speyer has acquired 200 apartments in downtown Montclair for more than $96 million, adding a building that opened in 2021 as part of a high-profile redevelopment project. Brokers with CBRE arranged the transaction at 2 South Willow St., a 172,279-square-foot property that is one block from the acclaimed Wellmont Theater. Tishman Speyer now …

Tishman Speyer Expands Global Multifamily Portfolio with Acquisition of Two South Willow in Montclair, New Jersey

Tishman Speyer Has Now Added More than 1,800 Units to its Portfolio of Existing and Under Construction Residential Assets since 2023 Tishman Speyer today announced its acquisition of Two South Willow, a 200-apartment building located in the heart of downtown Montclair, New Jersey, just 12 miles from Manhattan. Tishman Speyer acquired the 172,279-square-foot multifamily property, located at 2 South Willow Street for $96,150,000.  Completed in 202…

Tishman Speyer Buys New Jersey Multifamily Building for $96M in All-Cash Deal

Tishman Speyer, which helped spark a resurgence of the commercial mortgage-backed securities (CMBS) office market market with two recent high-profile Manhattan deals, went the debt-free route for its latest deal across the Hudson River. The developer has acquired a recently completed 200-unit multifamily building in Montclair, N.J., for $96.1 million in an all-cash deal from Brookfield Properties, Commercial Observer has learned. Tishman Speyer …