1221 and 1331 S. Eads Street, Arlington, VA |
WASHINGTON, DC – JLL Capital Markets has closed the sale of 1221 and 1331 S. Eads St., a 534-unit, value-add multi-housing community in Arlington, Virginia.
Robert Jenkins |
The
community amenities include fully revitalized lobbies and plazas in addition to
an upgraded office leasing space, fitness center, coworking area and dog run.
The property is
situated across the street from Metropolitan Park and Pen Place, the future
homes to Amazon HQ2 and over 5 million square feet of Amazon office space and
retail. Bret Thompson
The property is also a 10-minute drive from Virginia Tech’s Innovation Campus, a $1 billion development expected to graduate 10,000 students with master’s degrees in computer science over the next 20 years.
Additionally,
infrastructure spending in National Landing totaling $5 billion will contribute
to local conveniences such as an additional Crystal City Metro entrance,
advancements to Route 1 and the creation of an airport pedestrian bridge to
Reagan National Airport.
Matthew Lawton |
The JLL Capital Markets Debt Placement team representing the borrower was led by Managing Director Kris Lowe, Senior Managing Director Jamie Leachman and Director Amit Kakar.
JLL’s Capital
Markets group is a full-service global provider of capital solutions for real
estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a
recapitalization. Kris Lowe
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Contact:
Jenna Sharp
JLL
M +1 214 394 3356
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