Buchanan Partners, a leading real estate development firm headquartered in the Washington, DC region, has teamed with Miami-based real estate investment firm Elion Partners to acquire a 700,000-square foot industrial portfolio in suburban Washington, DC for $81.15 million. The portfolio comprises 14 buildings just off Route 28 in the northern Virginia submarkets of Westfields, Chantilly, and Dulles.
The JCR Companies of Washington, DC has acquired Riverton Commons, a 69,496 square foot shopping center in Front Royal, VA, for $17,722,000.
Riverton Commons is located on about 13 acres at the highly traveled intersection of Interstate 66 and US Route 522. JCR plans to lease up the existing vacant space and either develop or sell the property’s five pad sites, two of which are vacant land.
StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272-unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. Amenities include a pool, sundeck, tennis court, fitness center, clubhouse, cyber lounge, pavilion and picnic areas, and a “bark park.”
The Donaldson Group (TDG) of Rockville, MD and its equity partner, New York-based DRA Advisors LLC (DRA), have acquired Brinkley Manor Apartments, a 126-unit garden-style apartment community located in Temple Hills, Maryland for approximately $15.05 million. The partnership plans to invest additional capital to renovate the property.