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| Cadence at Crown multi-housing property located at 113 Ellington Boulevard in Gaithersburg, MD. |
WASHINGTON, DC –- JLL Capital Markets announced it has closed the sale of the 538-unit Cadence at Crown multi-housing property located at 113 Ellington Blvd. in Gaithersburg, Maryland.
JLL represented the seller and completed the sale to
the buyer, JRK Property Holdings.
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| Walter Coker |
The property consists of studio, one-, two- and
three-bedroom apartments averaging 863 square feet.
Unit amenities include
stainless steel appliances, quartz countertops, sleek finishes, and oversized
windows. The asset was also built to LEED standards with energy-efficient
appliances, water-saving fixtures and overall sustainability in mind.
Community amenities include a resort-style pool and sun
deck with canopies, 24-hour fitness center, Internet café, conference room,
gaming lounge, contemporary library, font-desk concierge, pet spa, bike racks,
electronic vehicle charging stations and more.
Cadence at Crown is positioned in the I-270
Biotechnology Corridor, a 15-mile stretch of leading scientific and research
organizations and also located near the I-270 Technology Corridor, which is
home to prominent technology companies such as the National Institutes of
Health and National Institutes if Standards and Technology.
The
JLL Capital Markets team representing the seller was Managing Directors Walter
Coker and Brian Crivella and Director Robert Jenkins.
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| Brian Crivella |
JLL
has more than 3,700 Capital Markets specialists worldwide with offices in
nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
About
JLL
JLL
(NYSE: JLL) is a leading professional services firm that specializes in real
estate and investment management.
JLL
shapes the future of real estate for a better world by using the most advanced technology
to create rewarding opportunities, amazing spaces and sustainable real estate
solutions for our clients, our people and our communities.
JLL
is a Fortune 500 company with annual revenue of $18.0 billion, operations in
over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020.
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated.
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| Robert Jenkins |
For further information, please visit jll.com.
CONTACT:
Natalie
Passarelli
JLL
Senior Associate
Public Relations
Phone: +1
224 477 7307
Email: Natalie.Passarelli@am.jll.com
