Philadelphia, PA, May 12, 2012 --(PR.com
)-- Scully Company has purchased Stirling Court apartments in Mount Laurel, New Jersey for approx. $8.8 million dollars.
The 88-unit multi-family community was originally part of the Larchmont Village I Development. It is situated off Route 38 just 2 miles from the New Jersey Turnpike and Route 295. Stirling Court consists of one-bedroom and one-bedroom with den garden-style apartments averaging 950 square feet.
The community, which is minutes from Scully’s 360-unit Hunters Chase in Marlton, adds to their portfolio in Southern New Jersey. Scully also owns and manages Hamilton Greene in Mays Landing, NJ.
Established for over sixty years, Scully Company brings three generations of family know-how and professional experience to the acquisition, development, construction and management of apartment communities. Scully owns and manages multi-family real estate for institutions, private investors and its own account. Scully currently operates 28 properties in Pennsylvania, New Jersey, Connecticut and Florida. Managing garden and hi rise communities ranging in size from 88 to 1,000 units with a keen focus on strategies specific to local markets, Scully Company has achieved recognition as a leader in the multifamily industry. For more information, visit www.scullycompany.com.