JLL Capital Markets announced that it closed the sale of the Station on Silver multihousing property in Herndon, Virginia.
JLL worked on behalf of Woodfield Development to close the property sale.
The property consists of 400 units averaging 850 square feet each and features European-style cabinetry, stainless-steel appliances, quartz vanities and porcelain tile flooring in the bathrooms, walk-in closets and high-end fixtures throughout. Top-of-the-line community amenities include a fitness center, pool, lounge and fire pits, courtyard, media room and rooftop deck equipped with an outdoor kitchen, bar and remarkable views of the Blue Ridge Mountains.
Located at 2340 Carta Way, Station on Silver is part of a 63-acre urbanization offering a generously balanced live-work-play community. The property is just steps away from the Innovation Center Metro station and is highly centralized in a transit-oriented community with smooth public transportation and vehicular access to the Washington D.C. region. Station on Silver is also proximate to various employment hubs including Reston Town Center (26.1 million square feet of office space), Tysons Corner (22.7 million square feet of office space), the Rosslyn-Ballston Corridor (12 million square feet of office space) and nearby Inova, undergoing 5 million square feet of redevelopment.
The JLL Capital Markets team representing the seller was led by Managing Directors Walter Coker and Brian Crivella and Director Robert Jenkins.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment sales advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.