October 11, 2018 Comments (0) Views: 661 Maryland, National News, Virginia

AvalonBay Nabs Maryland MF from Trammell Crow for $83M

Arlington, VA-based AvalonBay Communities, Inc. acquired Alexan Concorde, a 310-unit, Class A luxury apartment community in Linthicum Heights, MD.  The multifamily asset was sold for $83 million by a joint venture between Trammell Crow Residential and an affiliate of Western & Southern Financial Group.

Located at 811 Concorde Circle, the community is less than a mile from the Baltimore-Washington Parkway (Highway 295) and adjacent to Baltimore-Washington International (BWI) Airport. The 11.4-acre property is in a quiet wooded neighborhood setting, yet accessible to more than 36.5 million square feet of office space within 10 minutes. Completed in 2016, the Alexan Concorde’s five elevator-serviced buildings house a mix of studio, one, two and three-bedroom units.

HFF’s Walter Coker and Brian Crivella marketed the property exclusively on behalf of the seller, and procured the buyer. Western & Southern Financial Group was represented by its subsidiary, Eagle Realty Group.

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