WASHINGTON, DC – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Metropolitan at Lorton Station, a 251-unit, Class A apartment community in Lorton, Virginia.
HFF marketed the asset exclusively for Cornerstone Real Estate Advisers, acting on behalf of an institutional investor.
Metropolitan at Lorton Station is located at 9030 Lorton Station Boulevard directly adjacent to Lorton Station Town Center and the Lorton Virginia Railway Express station, which provides direct access to Washington, D.C.’s Union Station. The property is approximately five miles from the Fort Belvoir army base and is near Interstate 95 and Highway 1. Originally developed as condominiums in 2007, the community has 251 one- and two-bedroom rental units averaging 962 square feet each with features including stainless steel appliances, granite countertops, hardwood floors, soaking tubs, walk-in closets and full-size, in-unit washers and dryers. Additional amenities include an outdoor swimming pool, sports club, resident lounge, coffee bar, billiards room, business center and conference space.
The HFF investment sales team was led by Walter Coker and Brian Crivella.
About Cornerstone Real Estate Advisers: Cornerstone Real Estate Advisers LLC, with subsidiary and affiliate offices in the U.S., UK, Europe, and Asia, is one of the largest global real estate investment managers. It provides core and value-added investment and advisory services, including a comprehensive suite of private and public real estate debt, equity and securities expertise and services, to institutional and other qualified investors around the globe. Cornerstone is a member of the MassMutual Financial Group. For more information, visit www.cornerstoneadvisers.com.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.