Sutton. Photo by JLP Partners

WOODBRIDGE, VA–A source tells us that Dweck Properties is buying another apartment building in the Washington DC area: the Sutton, a 420-unit midrise building here. It paid $104 million, or $247,619 per unit, for the property. Dweck was unable to be reached for comment.

A JV between Crow Holdings and JLB Partners was the seller. The four-story property delivered last year and is now 86% occupied.

In December 2015 Dweck acquired another apartment in Woodbridge: Rolling Brook Village, a 732-unit apartment building. The property traded for $138.5 million or $189,208 per unit.

More recently Dweck sold the Ballston Metro Center, a 235,568-square foot office building directly above the Ballston Metro Station, for $69.5 million. Perseus Realty and ELV Assoc., acquired the building.

Sutton. Photo by JLP Partners

WOODBRIDGE, VA–A source tells us that Dweck Properties is buying another apartment building in the Washington DC area: the Sutton, a 420-unit midrise building here. It paid $104 million, or $247,619 per unit, for the property. Dweck was unable to be reached for comment.

A JV between Crow Holdings and JLB Partners was the seller. The four-story property delivered last year and is now 86% occupied.

In December 2015 Dweck acquired another apartment in Woodbridge: Rolling Brook Village, a 732-unit apartment building. The property traded for $138.5 million or $189,208 per unit.

More recently Dweck sold the Ballston Metro Center, a 235,568-square foot office building directly above the Ballston Metro Station, for $69.5 million. Perseus Realty and ELV Assoc., acquired the building.

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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.