CBRE's Bill Roohan, Andy Boyer, Mike Muldowney, Jonathan Greenberg,Michael Rudolph, John Sheridan and Brian Margerum arranged the JVbetween Bernstein and Forest City.
The three high-rise communities include:Lenox Club, a 385-unit high-rise located at 401 12th St. inArlington, VA. The 21-story building was built in 1991 and includesfirst-floor retail, a fitness center and an indoor pool. It is 95%leased.
Lenox Park, a 406-unit high rise, located at 1400 E. W. Highwayin Silver Spring, MD. Built in 1992, the 17-story property alsoincludes first-floor retail, a pool, garage parking and roof topterraces. It is 95% leased.
The Grand, a 549-unit luxury apartment project located at 5301 Nicholson Ln. in Bethesda, MD. It was built in 1999 and is 90% leased.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
