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Korman Sold Residential Units at City Place for $73.5M

Investcorp International Purchased 201-Unit Building in Edgewater, NJ
By Karly Lagratta
June 30, 2006 | 5:23 P.M.

Korman Communities sold the residences at City Place in Edgewater, NJ, for $73.5 million, or approximately $366,000 per unit. Investcorp International purchased the property at 19 The Promenade. The new owner plans to convert the units into condominiums.

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News | Korman Sold Residential Units at City Place for $73.5M