ARLINGTON, VA—A source has told GlobeSt.com that Ralph Dweck has made another acquisition in the area recently: the Gramercy at Metropolitan Park. We were told that the 399-unit apartment building traded for $190 million, or $476,190 per unit and at a 4.2% cap rate. The seller was Clarion Partners and the broker was CBRE.

GlobeSt.com was unable to contact Ralph Dweck. We reached out for comment to Clarion Partners and CBRE. Clarion did not return a call in time for publication, but CBRE's Andy Boyer confirmed to us that Dweck Properties did acquire the apartment building at $190 million. The sales price also included 11,000 square feet of ground-level retail.

Delivered by Kettler in 2007, the Gramercy at Metropolitan Park traded that same year for $200 million to ING Clarion.

This is the second transaction by Ralph Dweck in recent days about which we have been told. Yesterday, we reported that North Tract Lofts, a 184-unit apartment building, also in Arlington, is being acquired by Dweck for $68.3 million, or $370,924 per unit.

Long a fixture in the DC area's real estate investment community, Dweck has made a number of noteworthy dispositions as well as acquisitions recently.

Earlier this year Dweck Properties sold America's Square for $500 million or $1,083 per square foot. Last November, Lincoln Square, a 422,354-square foot office building in DC's East End, traded for about $300 million or roughly $743 per square foot. Rockrose Development acquired the 13-story building from Ralph Dweck via the Lincoln Circle Associates LLC.

At the beginning of the year, Dweck placed a one-million square foot portfolio on the market. Located in Arlington, it is 87% leased; 66 percent of which is occupied by the federal government's National Science Foundation through December 2017.