PEEK Properties Launches Leasing of New Class A Apartments in East Orange, NJ with Grand Opening of 475 William Street

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Tenants Drawn to Dynamic Urban Lifestyle in Popular Suburban North Jersey Corridor

475 William St., East Orange, NJ

“This property has transformed what was once a vacant building into a premier residential landmark at a time when demand for apartment-rental, urban-living options in the suburbs is on the upswing." - PEEK Managing Partner Phillip J. Evanski

PEEK Properties (PEEK) is launching the lease-up of its newest Class A apartment building 475 William Street, in the Brick Church section of East Orange. The fully integrated developer, owner and operator of multifamily properties has named Striker Apartment Leasing (Striker) of Clifton as the exclusive leasing agent.    

Pre-leasing at the five-story midrise begins on Thursday, January 7 followed by an open house on Friday, January 15. An on-premises leasing agent from Striker will be available to schedule tours as well as accept applications.

Located at the corner of William Street and Ashland Avenue, the 39-unit 475 William Street is comprised of a mix of one-bedroom/one-bath and two-bedroom/two-bath layouts, ranging from 655 SF to 1,020 SF. Apartment-home features include a balance of modern and historic architectural elements with spacious open-concept floorplans and gypcrete subfloors to reduce noise.

“The completion of construction and lease launch at 475 William Street marks two very important milestones for PEEK Properties and the City of East Orange,” said PEEK Managing Partner Emanuel Klein. “Our mutually held vision to advance the revitalization of the city’s Central Business District through exceptional design and construction is another step closer to being realized.”

Boasting tremendous curb appeal, 475 William Street already has emerged as a neighborhood icon in a city undergoing sweeping rebirth, according to PEEK Managing Partner Phillip J. Evanski. “This property has transformed what was once a vacant building into a premier residential landmark at a time when demand for apartment-rental, urban-living options in the suburbs is on the upswing,” he said. “Even during the construction phase, 475 William Street garnered tremendous prospective tenant interest and we are pleased to open our doors and help tenants get settled in their new home.”

Each apartment-home at 475 William Street features electric door locks, kitchens with a stainless-steel GE appliance package that includes a dishwasher, individually controlled heating/cooling HVAC systems, spacious closets, oversized windows offering abundant light and picturesque views, in-unit washer/dryer and video intercom system.

A modern lobby with an all-glass façade and key-fob entry, fully equipped first-floor fitness center with an all-glass exterior wall, secure package delivery area and second-floor tenant lounge with comfortable seating, a billiards tables and entertainment area round out the on-premises community amenities. There also are 39 garage and paved-surface spaces available for assigned parking. For more information, visit 475WilliamSt.com/.

Situated three blocks from NJ Transit’s Brick Church Train Station, offering one-seat rail service to New York City, the property also is one block from Main Street’s local, regional, and national retailers. These include ShopRite, Walgreens Pharmacy, Rita’s Italian Ice, Domino’s Pizza and Investors Bank.

Established in 2018, PEEK Properties focuses on existing value-add and new development site opportunities throughout New Jersey’s urban markets. Subscribing to a long-term strategic investment, ownership and operational approach, the company is committed to collaborating with local public officials throughout the municipalities in which its properties are located.

Recognized as an early adopter of the Qualified Opportunity Fund structure for its opportunity zone-designated projects, PEEK offers tax advantages to investors that align with its long-term investment philosophy. Currently, PEEK Properties owns and manages five multifamily assets comprised of 212 apartment-rental units throughout Jersey City, Bayonne, East Orange and Orange, N.J. The company’s development pipeline also includes 486 units spanning six separate projects – four of which are located within Opportunity Zones and structured as property-specific Qualified Opportunity Funds.

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Carin McDonald

Jeanne Luehs
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