The Bascom Group

Spirit Bascom Ventures Acquires Hoboken, NJ Multifamily Property for $17.65 Million

HOBOKEN, N.J.July 25, 2018 /PRNewswire/ — Spirit Bascom Ventures, LLC (“Spirit Bascom”) a partnership between Irvine, California based The Bascom Group, LLC (“Bascom”), and Stamford, Connecticut based Spirit Investment Partners, LLC (“Spirit”) acquired 1024 Clinton Street in Hoboken, New Jersey for $17.65 million. Spirit Bascom acquired the property from a long-time family owner.   The acquisition was the second transaction in partnership with a prominent Middle Eastern family office.  Stephen Simonelli of HFF and James Giaccio and Kevin Helsinki of Chelsea Realty represented the seller.  Jamie Leachman and Mike Klein of HFF arranged the acquisition financing through CIT Group.

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