Adoni Property Group sells the 52-unit multifamily property at 8 Tice Rd. in Franklin Lakes, New Jersey, for $29 million.
The 52-unit multifamily property located at 8 Tice Rd. in the Bergen County borough of Franklin Lakes, New Jersey, has traded for $29 million. Cushman & Wakefield represented the seller, Adoni Property Group, and procured the buyer, Four Point Holdings, in the transaction.
The asset is situated near major transit corridors including I-287 and Route 208, providing residents with access to regional employment, retail, and dining hubs. According to the brokerage team, the property's modern amenities and strategic location drove competitive interest throughout the sale process.
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