Shane Hillsley Acquires Meridian Apartments From Adam Cohen For $51.5M

The Meridian Apartments at 653 Monument Road in Arlington were sold for $51.5 million. The property, built in 1987, consists of 360 units offering one-, two-, and three-bedroom options. Situated on a 19.82-acre site, the multifamily asset features amenities like a pool, clubhouse, and sports courts.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $51,500,000
• Units: 360
• Price Per Unit: $143,056
• Address: 653 Monument Road
• Market: Jacksonville
• Buyer: Shane Hillsley - Duncan Hillsley Capital
• Seller: Adam Cohen - Spyglass Capital Partners LLC
• Acres: 19.82

The transaction was completed on February 9, with Duncan Hillsley Capital of Boca Raton acquiring the property. Shane Hillsley acted as the buyer's representative for Duncan Hillsley Capital, while Adam Cohen represented Spyglass Capital Partners LLC as the seller's agent.