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Arbors at Fair Lakes, a 1987-vintage,
282-unit, value-add multi-housing
community located in Fairfax, VA
WASHINGTON, DC JLL Capital Markets has closed the $86 million sale of Arbors at Fair Lakes, a 1987-vintage, 282-unit, value-add multi-housing community located in Fairfax, Virginia.
JLL worked on behalf of the seller, Stockbridge, and procured the buyer GID, a real estate owner and fiduciary that invests in multiple asset classes.
The JLL Capital Markets Investment Sales
Advisory team was led by Managing Directors Bret Thompson and Robert Jenkins.
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| Bret Thompson |
The property features one-, two- and three-bedroom units offering in-unit washers and dryers, fireplaces, private patios and balconies, walk-in closets, deluxe kitchens and an average size of 920 square feet.
Community amenities include a 24-hour
fitness center, a resort-style swimming pool, a business center, a tennis court
with perimeter running track, an outdoor grill/lounge area, a half-mile nature
trail throughout the property and more.
Situated at 4408 Oak Creek Court, Arbors
at Fair Lakes is surrounded by more than 5.3 million square feet of retail,
including Fairfax Towne Center, Fair Oaks Mall and Fair Lakes Center and is
within 10 nutes of six grocery stores, including Whole Foods and Wegmans.
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| Robert Jenkins |
Additionally, the community is positioned in the epicenter of Fairfax, providing convenient proximity to the 650,000 jobs within the county, including the Fairfax County Government Center, INOVA Hospital and George Mason University.
CONTACT
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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