MORRISTOWN, N.J. – JLL announced today that it has closed the sale 65 Church Street, a 0.832-acre mixed-use residential development site in downtown Montclair, New Jersey.

JLL marketed the property exclusively on behalf of the seller, Kensington Senior Living, and procured the buyer, Bijou Properties.

65 Church Street is located near downtown Montclair’s sidewalk cafés, retailers and street performers within the Hahnes Redevelopment Zone. The transit-oriented, infill site has earned a Walk Score® of 95 and is proximate to the NJ Transit Bay Street Station. The main-and-main location provides the opportunity to construct a best-in-class, boutique mixed-use property with ground-floor retail and up to five stories of residential space above.

The JLL Capital Markets team representing the seller included Jose Cruz, Marc Duval, Stephen Simonelli, Kevin O’Hearn, Michael Oliver and Mark Mahasky.

“We had a great response to the offering given it is a multi-housing development in Montclair,” Cruz stated. “The investors were driven by the strong demographics in town.”