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| The Woodley, 2700 Woodley Road NW, Woodley Park, Washington, DC |
WASHINGTON, D.C. – HFF announced today that it has closed
the sale of The Woodley, a newly completed, multi-housing building in
the Woodley Park neighborhood that will set the standard for luxury living in
Washington, D.C. for the next generation.
HFF
marketed the property on behalf of the sellers, The JBG Companies and CIM Group
and the asset was purchased by TIAA-CREF free and clear of existing debt.
The
Woodley, located at 2700 Woodley Road NW in Woodley Park, is close to Rock
Creek Park, Dupont Circle and Cleveland Park about three miles northwest of
downtown D.C.
The Woodley is a collaborative design effort between David
M. Schwarz Architects, Cooper Carry Inc. and VOA Associates.
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| David Nachison |
The exclusive,
212-unit luxury property has studio through three-bedroom units averaging 1,119
square feet each, which feature the very finest and detailed finishes including
solid hardwood flooring, soaring ceilings, marble countertops, built-in
appliances, private balconies and terraces.
The amenity package
at the property includes a resident club room with catering kitchen, library,
fitness center, courtyard with reflecting pool, infinity edge pool, and an
active rooftop experience where residents can cook and host guests outdoors
while taking in the views.
The
HFF investment sales team representing the seller was led by senior managing
directors Dave Nachison and Alan Davis and directors Brenden
Flood and Bret Thompson.
“The
Woodley is the first luxury high-rise apartment building to be built in decades
in Woodley Park, one of the District’s most prestigious and historic
residential neighborhoods, and it will redefine the standard for luxury
apartment homes in the D.C. market going forward,” said Nachison. “The property will attract residents seeking
the finest in rental living offering a timeless red brick design infused with
modern comforts and will be unrivaled in first-class service and
amenities.”
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| Alan Davis |
“The Woodley’s unique mix of large format residences is designed to cater to a growing
demographic of mature residents leaving upscale homes and seeking similarly
high quality places to live in established urban neighborhoods,” added Davis.
Headquartered in Chevy Chase, Maryland, The JBG Companies is
a private real estate investment firm that develops, owns and manages office,
residential, hotel and retail properties.
The company has more than $10 billion in assets under management and
development in the Washington metropolitan area. Since 1960, JBG has been active in the communities where it
invests, striving to make a positive impact.
More information can be found by visiting the company's website:
www.JBG.com, or by calling 240.333.3600.
TIAA-CREF (www.tiaa-cref.org)
is a national financial services organization with approximately $569 billion
in assets under management (as of 3/31/14) and is the leading provider of
retirement services in the academic, research, medical and cultural fields.
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
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel
617.543.4873 | www.hfflp.com
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