Alexandria Redevelopment & Housing Authority Acquires Development Site At 1112 First Street For $56.8M

The asset involved in this transaction is a development site located at 1112 First Street, Alexandria, VA. The property was sold for $56,800,000. This off-market deal was facilitated by Cohn Property Group.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $56,800,000
• Buyer: Alexandria Redevelopment & Housing Authority
• Brokers: Josh Simon, Mychael Cohn & Sam Gordon - Cohn Property Group

The Alexandria Redevelopment & Housing Authority is the entity that acquired the property, with the arrangement being managed by the brokerage team from Cohn Property Group. The transaction reflects a strategic acquisition for development purposes in Old Town Alexandria.