Fidelco Realty Group and Diversified Properties have sold Summit Court, a 393-unit luxury apartment community located in Union, N.J., for $130 million.
The new owner is The Inland Real Estate Group of Cos.
Summit Court, located at 450 Clermont Terrace, offers residents convenient access to major transportation routes and urban amenities. The property is situated within close proximity to the Garden State Parkway, Rte-9 and I-95, providing seamless connectivity throughout New Jersey and the greater Tri-State area. Residents benefit from nearby employment hubs such as Newark Liberty International Airport, Seton Hall University and Newark Beth Israel Medical Center, as well as diverse shopping opportunities.
Union Township is in Union County, New Jersey, approximately 20 miles southwest of New York City. With a 2023 population of 57,427 residents, the town boasts a diverse community with 68 percent of its residents being white-collar employees and an average househ
