The Residences at City Center is a 291-unit multifamily community located at 170 Market St, Manassas Park, VA. Hasta Capital acquired the asset for $51,500,000. The property includes 255,608 square feet of residential space and 43,708 square feet of ground-floor retail. It is strategically positioned across from the Manassas Park Virginia Railway Express and provides access to major roadways including Route 28 and Interstate 66. The property was completed in 2010 and offers one- and two-bedroom units averaging 924 square feet. Amenities feature controlled access, an outdoor pool with a lounge area and grill station, a fitness center, a clubhouse, and a business center.

Summary of transaction details:

• Property Type: Multifamily Community
• Transaction Amount: $51,500,000
• Address: 170 Market St, Manassas Park, VA
• Market: Manassas Park
• Buyer: Hasta Capital
• Seller's Representatives: Brian Crivella - Berkadia, Dek Potts - JLL

The deal was facilitated by the HFF investment advisory team, which included Managing Director Walter Coker, Senior Director Brian Crivella, and Senior Managing Director Dek Potts. The team has also been involved in other significant transactions, including the sale of Rolling Hills, a 468-unit community in Germantown, MD for $87.8 million.