Gebroe-Hammer Associates Arranges $7.25M Sale of Pewter Village

COLLINGSWOOD—Gebroe-Hammer Associates has arranged the $7.25 million sale of Pewter Village, an 84-unit active-adult garden-apartment complex at 1058 Eldridge Ave. in Collingswood. Executive vice presidents Joel Schwartz and Joseph Brecher represented the seller, Pewter Realty LLC, and procured the buyer, a long-time Gebroe-Hammer client.

Pewter Village's six two-story buildings are comprised of 64 one-bedroom and 20 two-bedroom units featuring gas fireplaces, washers/dryers, dishwashers and individually controlled climate controls. Originally constructed in the 1950s, the recently renovated complex abuts Newton Lake and is accessible from the New Jersey and Pennsylvania turnpikes and Routes 295 and 130.

Located in suburban Camden County, Collingswood is 35 miles southwest of Trenton and seven miles east of Philadelphia. Legal counsel was provided by Carol Stern of McCarter & English LLP of Newark, and Richard Kelin, Esq. of Feinstein Raiss Kelin & Booker LLC of West Orange on behalf of the seller and buyer, respectively.

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