JCE Inc. Acquires Mission Lofts Multifamily Property In Falls Church, VA For $49.52 Million

The Mission Lofts, a multifamily property located at 5600 Columbia Pike in Falls Church, Virginia, has been sold for $49.52 million. The property consists of 156 units, with a price per unit of approximately $317,436.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,520,000
• Address: 5600 Columbia Pike, Falls Church, VA
• Market: Falls Church, VA

JCE Inc., a Fairfax-based developer, has acquired the Mission Lofts. The seller of the property was Wolff Co & Highland Square Holdings. The transaction was facilitated by broker Berkadia.

NOTE: JCE Inc. acquired the Mission Lofts, a 156-unit apartment property in Falls Church, Virginia, for $49.52 million.