WASHINGTON, DC—After placing Trilogy NoMA on the market last November, the Dallas-based Mill Creek Residential Trust has found a buyer, a source tells GlobeSt.com: a JV between JBG Cos. and CBRE Global Investors is purchasing the 603-unit, three building complex for $210 million, or $348,259 per unit. JBG Cos. and Mill Creek did not return GlobeSt.com's request for comment. The company tapped HFF to market the property.
Located at 151 Q St. NE, Trilogy NoMA was the largest single-phase multifamily project in the submarket and the District as well. Mill Creek partnered with Berkshire Property Advisors to develop the property, delivering it in November 2012.
GlobeSt.com will be updating this story as further details emerge.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
