One Wall Partners (OWP), the real estate investment and management firm based in Newark, NJ, recently announced the acquisition of 172 William Street in East Orange.
This multi-family acquisition adds another 17 units to OWP’s portfolio of transit-oriented housing in northern New Jersey. This is the sixth multi-family acquisition in East Orange executed by the firm, which adds two- and three-bedroom units. One Wall purchased three other properties in East Orange in 2015; 151 N. Walnut Street, 75 N. Walnut Street and 10 S. Grove Street.
The firm’s acquisition of William Street adds two- and three-bedroom units to OWP’s growing portfolio of transit-oriented housing in northern New Jersey. The property is conveniently located within blocks of I-280 and the Garden State Parkway with ample on-site parking (17 garages and 4 spaces). It is also within blocks of buses and only a 12-minute walk to the East Orange train station, illustrating OWP’s commitment to providing quality, affordable, workforce housing. In addition to NYC access, the property is only 15-25 minutes from downtown Newark via bus or train.
Founded in 2010, OWP is a vertically integrated real estate operator whose main objective is providing quality, transit-oriented workforce housing located within a half-mile of public transportation.
One Wall continues to pursue investment opportunities in the region.
For more information about One Wall Partners, email us at info@onewallpartners.com.
