Montclair Developer Hands Off Management Of Montclarion Buildings

MONTCLAIR, NJ — Montclair developer Richard Poulton, owner and developer of the buildings known as the Montclarion I and II, has handed over management and leasing duties of the two buildings to the Clifton-based Value Companies Inc., according to a company news release.

Poulton owns The Montclarion, a 56-unit rental building at 10 Pine Street originally built in 1985, as well as The Montclarion at Bay Street Station, a five-story, 40-home apartment building expected to open leasing in early 2017.

The properties are located near the Bay Street NJ Transit Station in Montclair.

Value Companies currently has a portfolio of 3,226 multifamily apartments across 15 communities in New Jersey, Pennsylvania and New York, the company news release stated.

Photo rendering of Montclarion II, courtesy of Cahn Communications

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