Allegro Harrington Park offers a full continuum of care just 40 minutes from Manhattan
Key Takeaways
- JLL Capital Markets completes sale and arranges acquisition loan for Allegro Harrington Park
- PGIM and Allegro Senior Living sold the community to a JV between AEW Capital Management and Foundry Commercial
- Allegro Harrington Park is a 173-unit, flagship seniors housing community in affluent Bergen County, New Jersey
NEW YORK, Sept. 14, 2026 – JLL Capital Markets announced today that it has arranged the sale and in financing for Allegro Harrington Park, a 173-unit, Class A seniors housing community in Harrington Park, New Jersey.
JLL represented the seller, a joint venture between PGIM and Allegro Senior Living, in the sale of the property to a joint venture between AEW Capital Management and Foundry Commercial. JLL also worked on behalf of AEW to secure a five-year acquisition loan with a life insurance company. Allegro will remain as the operator and a joint venture partner.
“Allegro Harrington Park is a premier seniors housing community in a highly desirable market, and we are pleased to add this asset to our portfolio,” said Sara Cassidy, Head of Portfolio Management and Senior Portfolio Manager at AEW. “Its quality, location and strong operating partnership make it a compelling long-term investment.”
Developed by Allegro and PGIM, Allegro Harrington Park is a trophy seniors housing community offering independent living, assisted living and memory care units within studio, one- and two-bedroom layouts. The four-story property is located on a rare lakefront peninsula with waterfront views on three sides and offers residents a variety of luxury amenities, including five dining venues, wellness areas, a movie theater, art studio, salon and spa, library, garden room and an indoor/outdoor pool. There are walking paths surrounding the property and a primary courtyard featuring a fire pit and full outdoor kitchen.
Located at 200 Old Hook Road, Allegro Harrington Park is positioned on a 9.2 acre site in the northeastern part of New Jersey, directly across the Hudson River from New York City.
LL’s Senior Housing Capital Markets team, which included Senior Director Jim Dooley, handled the sale.
“Allegro Harrington Park is an elite and rare community in one of the most affluent areas of the country and buyers were extremely interested in the opportunity to partner with Allegro,” said Dooley. “Congratulations to both PGIM and AEW on a successful transaction.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL’s newsroom.
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About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with $1.5 trillion in assets under management. PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate, and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.
About AEW Capital Management
For 45 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors¹, AEW and its affiliates manage $83.7 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of June 30, 2026). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities. For more information, visit aew.com.
About Foundry Commercial
Foundry Commercial is a full-service commercial real estate services and investment company operating across office, industrial, retail, multi-family, healthcare, religious, and not-for-profit asset classes and clients. Focused on the Sun Belt markets, Foundry is sustained by more than 5,000 associates operating from 12 markets, providing leasing and management on more than 77 million square feet and approximately 5,400 seniors housing units, typically executing over $2 billion in leasing, tenant rep, and investment sale transactions annually. Foundry’s development and investment platform is fully integrated with its services business and has developed or acquired over $7 billion in transaction volume alongside many of the best-known institutional investors in the country. For more information, visit www.foundrycommercial.com .
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