Berkadia announced the sale of Alexan Fitzroy, a 267-unit multifamily high-rise property located in Arlington, Virginia.
Senior Managing Director Brian Crivella and Senior Directors Bill Gribbin and Yalda Ghamarian of Berkadia DC Metro completed the sale on behalf of the seller, Texas-based Trammell Crow Residential. The deal closed on December 18, 2024.
“We are proud to work with the development team on this tremendous asset,” said Crivella. “The best-in-class asset performed extremely well during lease up. Investors are seeking the growth and stability of the Clarendon and greater Northern Virginia location. The supply pipeline is nearly fully leased, and demand fundamentals are as strong as they have been in many years.”
Located at 3275 Washington Boulevard, Alexan Fitzroy features studio, one-, and two-bedroom floor plans with chef inspired islands, stainless-steel appliances, quartz countertops, and spa-inspired bathrooms.
The property affords residents convenient access with a short 15-minute drive to Downtown Washington, D.C. or Alexandria, Virginia and close proximity to Ronald Regan Washington National Airport. The property benefits from various shops and restaurants located near Washington Boulevard.
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our client’s assets.
