Colliers has completed the sale of Misty Ridge, a 409-unit garden-style apartment community located in Woodbridge, Virginia.
Will Mathews, Thomas Leachman, and Chandler Pace represented the seller, Capital Square, a diversified real estate management, operation, and development firm. “Misty Ridge stands as a prime example of strategic investment in one of Northern Virginia’s fastest-growing submarkets,” said Mathews. Berkadia secured the acquisition loan on behalf of Bridge Investment Group.
Positioned close to I-95 and minutes from premium retail, including Wegmans and the Apple Store, Misty Ridge presents a clear path to revenue growth through a proven value-add strategy. Located at 1989 Delaware Drive in Woodbridge, one of Northern Virginia’s fastest-growing submarkets, Misty Ridge offers excellent connectivity and convenience.
The property is situated just minutes from I-95 and the Rippon VRE Station, offering direct access to Alexandria, Arlington, and Washington, D.C. Misty Ridge is in close proximity to major employers, including Fort Belvoir and Marine Corps Base Quantico, as well as retail destinations such as Stonebridge at Potomac Town Center.
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
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Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
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Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
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