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**McLean Apartment Towers Sell in Deal Brokered by Berkadia**
Berkadia has successfully completed the sale of Kingston at McLean Crossing, a 319-unit multifamily community located in the McLean submarket of Northern Virginia. Built in 2018, the property was 96% occupied at the time of the transaction.
The sale was arranged by Berkadia’s DC Metro team, including Senior Managing Director Brian Crivella, Managing Directors Yalda Ghamarian and Bill Gribbin, and Associate Director Jack Canepa. The team represented the seller, LCOR, along with its partner JLL Income Property Trust. The buyer was Pantzer, a New York-based owner and operator of multifamily assets along the East Coast.
“Kingston provided a unique opportunity for Pantzer to acquire a generational-quality, transit-oriented asset at a basis below replacement cost, adjacent to several corporate headquarters in a submarket with limited future residential development,” said Crivella.
Located at 7480 Birdwood Avenue, Kingston at McLean Crossing consists of two towers—13 and 15 stories—connected by a two-story skybridge, totaling about 528,000 square feet. The community offers a variety of floorplans including studio, one-, two-, and three-bedroom residences.
The transaction highlights continued investor interest in high-quality multifamily properties in strategically located, supply-constrained submarkets.
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Note: For those interested in recognizing achievements in the commercial real estate industry, nominations are now open for Connect CRE’s annual awards spotlighting top investment sales and leasing brokers.
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