Avalon RT 9 Properties Acquired by Wenzhao Lu | Real Estate Services M&A Deal

Wenzhao Lu has completed the acquisition of Avalon RT 9 Properties, a real estate development business in New Jersey, for $6,500,000. Avalon RT 9 Properties acquisition centers on ownership of a Freehold Township, NJ fee simple property at 4400 Route 9 South, Block 4 Lot 46.03, supporting real estate services and development activities. Wenzhao Lu acquires Avalon RT 9 Properties through a family office acquisition structure, aligning with NJ acquisitions and other acquisition objectives. The real estate services M&A deal is announced and involves an amended and restated membership interest purchase agreement with multiple purchase price components totaling $4,800,000, $1,000,000, and $700,000, with closing terms governed by the agreement.