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Sussex At Kingstowne

FAIRFAX, VA–Sussex At Kingstowne, a 556-unit garden apartment property, is trading for approximately $144 million or $258,993 per unit, according to Real Capital Analytics. The seller is a joint venture between Praedium Group and The Milestone Group. The buyer is Harbor Group International.

The last time the 23-building community, which is located at 6050 Edgeware Ln, traded was in 2012, when it was purchased for $125.5 million with an eye to renovation.

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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.

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