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BlueGate Partners has successfully arranged the sale of Stonehill at West Orange, a newly completed mid-rise multifamily community in West Orange, New Jersey, located approximately 16 miles west of Manhattan. The firm represented the seller in the transaction, with the deal managed by Mark DeLillo and supported by Marc Schulder, Lee Spiegelman, Felipe Marin, Eli Zaoutis, and Jeremy Silber.
The 423-unit property, completed in 2024, was acquired by Sentinel Real Estate. While the purchase price was not disclosed, the investment aligns with Sentinel’s strategic focus on luxury multifamily assets.
George Tietjen, Managing Director of Sentinel, commented on the acquisition: “Stonehill at West Orange’s modern architecture, high-end interiors, and abundant, best-in-class amenity suite is representative of our strategy of investing in luxury multifamily assets situated in proximity to diverse employment and lifestyle nodes.”
He added, “This property is well-positioned to benefit from limited local residential supply, coupled with its convenient accessibility to quality necessity retail, restaurants, and easy commute to the tri-state offices of leading companies in the healthcare, education, financial services, pharmaceuticals, and technology sectors.”
This acquisition reflects continued institutional interest in high-quality, suburban multifamily properties with access to major metropolitan areas.
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