A joint venture between Harbor Group International and Azure Partners has purchased Avalon Somerset, an apartment community in Somerset, N.J., from AvalonBay Communities. The sales price was not disclosed.
The luxury community is comprised of 384 studio, one-, two- and three-bedroom apartments and townhomes. Built in 2013, the community totals 12 three-story buildings, one four-story building and a one-and-a-half story clubhouse. Avalon Somerset offers top-of-the-line community amenities, including a fitness center, outdoor swimming pool with a sundeck and grilling area, residents’ lounge, and children’s playground. In addition, the community offers 468 covered and surface parking spaces for residents. Units average 1,016 square feet in size and feature in-unit washers and dryers, an open concept gourmet kitchen, and spacious closets with select units offering private balconies and patios.
Avalon Somerset is located at 500 Bristol Blvd., proximate to various employ
