JLL Capital Markets said Dec. 18 that it completed the sale of the Avalon Somerset apartment community in Somerset, a luxury community comprised of 384 studio, one-, two- and three-bedroom apartments and townhomes.JLL worked on behalf of the seller, AvalonBay Communities Inc., to complete the sale to the buyer, a joint venture between Harbor Group International and Azure Partners.

Built in 2013, the community totals 12 three-story buildings, one four-story building and a one-and-a-half-story clubhouse. Avalon Somerset offers top-of-the-line community amenities, including a fitness center, outdoor swimming pool with a sundeck and grilling area, residents’ lounge and children’s playground.

Additionally, the community offers 468 covered and surface parking spaces for residents. Units average 1,016 square feet in size and feature in-unit washers and dryers, an open concept gourmet kitchen and spacious closets with select units offering private balconies and patios.

Avalon Somerset is located at 500 Bristol Blvd., proximate to various employment hubs, including Metro Park, Bridgewater, Princeton and New Brunswick. Offering regional connectivity, the property is near major roadways including Interstate 287, Routes 27 and 1, as well as the New Jersey Turnpike.

The JLL Capital Markets team representing the seller was led by Jose Cruz, Michael Oliver, Steve Simonelli, Kevin O’Hearn and Nicholas Stefans.

“There was significant activity for this well located, core-plus multi-housing deal by both intuitional and private investors given the potential upside in the transaction,” according to Cruz.