Berkadia Arranges Sale of 423-Unit MXU Trophy Property in Arlington
Berkadia completed the sale of The Commodore, a 423-unit luxury multifamily community with 18,461 square feet of ground-floor retail located in Arlington’s Court House neighborhood.
Senior Managing Director Brian Crivella, Managing Directors Yalda Ghamarian and Bill Gribbin and Associate Director Jack Canepa of Berkadia DC Metro arranged the sale on behalf of the seller, Charleston, South Carolina-based Greystar Real Estate Partners. GID acquired the property.
“The Commodore represents an ideal investment opportunity in the Washington, D.C. metro area,” said Crivella. “The community combines design, a resident amenity package and a transit-oriented location within one of the nation’s strongest apartment markets.”
Located at 2055 15th Street N, The Commodore is a 20-story luxury high-rise featuring 423 apartment homes above approximately 18,461 square feet of retail. The community offers a mix of studio, junior one-bedroom, one-bedroom, junior two-bedroom, two-bedroom and two-bedroom den residences, in addition to luxury penthouse homes.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout