JLL arranges sale of 1000 Jefferson, a 217-unit community in one of New Jersey's most resilient submarkets

MORRISTOWN, N.J., July 23, 2026 –  JLL Capital Markets announced today that it has secured the sale of 1000 Jefferson, a 217-unit market-rate multifamily community in Hoboken, New Jersey.

JLL represented the seller, Clarion Partners. The buyer was Invesco Real Estate.

Built in 2007, the six-story property at 1000 Jefferson St. has been institutionally owned and managed for 17 years and features 93 one-, 114 two- and 10 three-bedroom apartments averaging 960 square feet. The community offers resort-style amenities including a swimming pool, 24-hour fitness center, rooftop deck with Manhattan views and a 217-space parking garage providing one space per unit.

The property's location provides exceptional transit connectivity, with proximity to the Hudson-Bergen Light Rail's 9th Street station, PATH trains to Manhattan, NJ Transit rail and bus service and ferry access. The community is steps from Washington Street's retail and restaurant corridor and less than 10 minutes from the Holland and Lincoln tunnels.

1000 Jefferson presents significant value-add potential, with approximately 25 percent of units available for renovation to the highest finish level. Units feature stainless steel appliances, white quartz countertops, walk-in closets and in-unit washers and dryers, with select apartments offering gas fireplaces, balconies and skylights.

JLL Capital Market’s Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz, Steve Simonelli and Mike Oliver, Senior Director Elizabeth DeVesty, Director Austin Pierce and Senior Analyst Luke Chakonis.

"This transaction represents a rare opportunity to acquire a well-located, institutionally managed asset in a market that has proven incredibly resilient through various economic cycles," said Cruz. "Hoboken's combination of limited supply, strong demographics and unparalleled access to Manhattan continues to drive investor demand for quality multifamily assets like 1000 Jefferson."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Invesco Real Estate is a global leader in the real estate investment management business with $86.3 billion in real estate assets under management, 596 employees and 21 regional offices across the U.S., Europe and Asia Pacific as of December 31, 2025. With over a 40-year history, Invesco Real Estate, part of Invesco Private Markets, invests across the risk return spectrum, from core to opportunistic; in equity and debt; listed and direct; locally and globally. Invesco Real Estate is a business name of Invesco Advisers, Inc., an indirect, wholly owned subsidiary of Invesco Ltd.