Kislak sells apartment complex in Pennsville for $14.3M

The Kislak Company Inc. announced Monday the $14.4 million sale of a 10-building apartment complex in Pennsville.

Kislak said it marketed the Laura’s Glen Apartments exclusively on behalf of the seller, Laura’s Glen DE1, 2 and 3 LLC. Barry Waisbrod, senior vice president at Kislak, handled the deal and procured the buyer, Capital MG LLC.

“The buyer is very active in the southern New Jersey market and sees much opportunity and long-term potential in attractive complexes with smart upgrades and management,” Waisbrod said.

The two-story buildings feature 144 one-bedroom, 48 two-bedroom and four three-bedroom units with private patios and balconies. Amenities include on-site laundry and storage, parking spots, a swimming pool and more.

The property is within close access to the New Jersey Turnpike, Route 49 and the Delaware Memorial Bridge.