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| The Aventine of Alexandria, Alexandria, VA |
WASHINGTON, DC. – HFF announced today that it has closed the
sale of The Aventine of Alexandria, a 574-unit, 15-story multi-housing
community in Alexandria, Virginia.
HFF
represented the seller, a separate account client advised by Invesco Real
Estate, in the sale of the property to Partners Group and an affiliate of
Bainbridge Companies LLC.
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| David Nachison |
The
Aventine of Alexandria is situated on a 10.5-acre site at 2701 Park Center
Drive, inside the beltway and along the Interstate 395 corridor south of
Washington, D.C.
Originally built in 1973, the property has been recently
renovated and features one- through four-bedroom units averaging 1,027 square
feet each. Community amenities include
a resort-style swimming pool, fitness center, media room, business center,
fenced dog run, concierge service and an on-site mini market and dry cleaning
drop off/tailor service.
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| Alan Davis |
The property also
provides a complimentary shuttle to the Pentagon Metro Station and Department
of Defense Washington Headquarters.
The
HFF team representing the seller was led by senior managing directors David
Nachison and Alan Davis and director Brenden Flood.
“The
Aventine of Alexandria has been a very prominent residential tower in Northern
Virginia for nearly three decades and represents a tremendous value-add
opportunity for Bainbridge and their partner,” said Nachison. “The sale also underscores the strong
interest for infill, value-add multi-housing investments in the Washington,
D.C. region.”
For a complete copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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