JLL Capital Market Sells Reston Multifamily Property For $141M

Located at 12025 Town Square St in Reston, VA, this multifamily property was recently sold in a closed transaction on November 9, 2022. The property consists of 359 units, with a per unit price of $392,758. The seller of this asset was BXP, and the transaction was facilitated by JLL Capital Market as the broker. The sale price for this transaction was $141,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $141,000,000
• Address: 12025 Town Square St, Reston, VA
• Market: Reston, VA
• Seller: BXP
• Broker: JLL Capital Market
• Units: 359
• Price Per Unit: $392,758

The sale of this multifamily property was a significant transaction in Reston, VA. JLL Capital Market played a crucial role as the broker, representing both the buyer and the seller in the deal. Their expertise and negotiation skills contributed to the successful completion of this transaction. The attractive price per unit of $392,758 made this property a desirable investment opportunity in the Reston market.