Tuesday, August 6, 2013

$92.5 million sale of Broadstone Laurel Highlands closed by HFF’s Washington, D.C. office


Broadstone Laurel Highlands, 8141 McCauley Way, Lorton, VA

WASHINGTON, D.C. - HFF announced today that it has closed the sale of Broadstone Laurel Highlands, a 300-unit, Class A multi-housing community in Lorton, Virginia.

David Nachison
HFF marketed the property on behalf of the seller, Alliance Residential Company.  MetLife Real Estate Investments purchased Broadstone at Laurel Highlands for $92.5 million free and clear of existing financing.

Broadstone at Laurel Highlands is located at 8141 McCauley Way in Southern Fairfax County offering close proximity to the still-expanding Fort Belvoir and immediate access to Interstate 95 and the Lorton Virginia Railway Express (VRE) station. 

Alan Davis
Completed in 2011, the property features one-, two- and three-bedroom apartments plus three-bedroom townhomes averaging 1,119 square feet.  Community amenities at the 96 percent leased Class-A community include a resident lounge, movie theatre, business center with coffee bar, fitness center, resort-inspired pool, outdoor fireplace, outdoor grill stations, tennis and basketball courts and a bark park. 

                The HFF team representing the seller was led by senior managing directors David Nachison and Alan Davis and director Brenden Flood.

Brenden Flood
                “The property’s immediate success speaks to the unfilled niche of large apartment homes sought by military and military related families around Fort Belvoir,” said Nachison.  “The mix of apartment homes, which includes 65 percent two- and three-bedroom floorplans offers residents the opportunity to send students to Fairfax County’s newest, and very highly regarded schools.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com


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