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| Meridian at Carlyle Apartments, 401 Holland Lane, Carlyle Neighborhood, Alexandria, VA |
NEW YORK, NY
–– Holliday Fenoglio Fowler, L.P. (HFF) announces $95.5 million in
acquisition financing for Meridian at Carlyle, a 16-story, 403-unit
apartment building in Alexandria, Virginia.
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| Cary Abod |
Meridian at Carlyle is
located at 401 Holland Lane in Alexandria’s Carlyle neighborhood. The
property is adjacent to a Whole Foods Market, within walking distance to the
King Street Metro station and surrounded by more than two million square feet
of retail and restaurants and 5.6 million square feet of office space.
Meridian at Carlyle features units averaging 779 square feet, three levels of below-grade parking and amenities, including a resort-style pool, barbecue area, putting green, fitness center, club room with billiards, concierge service and on-site dry cleaning service.
Meridian at Carlyle features units averaging 779 square feet, three levels of below-grade parking and amenities, including a resort-style pool, barbecue area, putting green, fitness center, club room with billiards, concierge service and on-site dry cleaning service.
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| Steven Klein |
The HFF debt placement team representing the borrower included managing directors Steven Klein and Cary Abod.
“The
soon-to-be ‘Lincoln at Old Town’ represents an opportunity to reposition a
high-rise multifamily community in an attractive, transit-oriented location
with the ability to create value through execution of interior unit renovations
and common area amenity upgrades,” said LPC’s Jarl Bliss, executive vice
president Mid-Atlantic.
“This property is a great addition to our value-add portfolio, and we have strong performance expectations for both the property and the market in the long-term.”
“This property is a great addition to our value-add portfolio, and we have strong performance expectations for both the property and the market in the long-term.”
Founded in Dallas,
Texas, in 1965, LPC is a full-service, vertically integrated institutional investment
and property services platform with offices in the United States and
Europe.
Since 1965, Lincoln has acquired and developed approximately $35
billion of residential and commercial property. LPC currently manages 356
million square feet of commercial property and 190,542 multifamily residential
units for over 100 separate clients worldwide.
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| Jarl Bliss |
For more information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
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