July 13, 2018 Comments (0) Views: 547 National News, Southeast, Virginia

Virginia MF Sold for $52M

The Residences at City Center, a 291-unit apartment community with ground-floor retail in Manassas Park, VA, has traded hands for $51.5 million. HFF’s Walter Coker, Brian Crivella and Dek Potts marketed the property on behalf of the unnamed seller, and procured the buyer, Mexico City-based HASTA Capital.

The property comprises 255,608 square feet of residential space featuring high-quality, modern finishes and 43,708 square feet of ground-floor retail. Community amenities include an outdoor pool with lounge area and grill station, state-of-the-art fitness center, clubhouse, business center and WiFi café.

The Residences at City Center is located at 170 Market St., directly across from the Manassas Park Virginia Railway Express (VRE) station along Manassas Drive in Prince William County. The transit-oriented property is near the largest employment centers and major thoroughfares in the Northern Virginia region, as well as an abundance of retail and entertainment options.

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