Alexan ConcordeLINTHICUM HEIGHTS, MD–AvalonBay Communities has acquired a 310-unit apartment here for $83 million. The luxury development, called the Alexan Concorde, was sold by a JV between Trammell Crow Residential and an affiliate of Western & Southern Financial Group, which was represented by its subsidiary Eagle Realty Group.
The HFF team representing the seller included Walter Coker and Brian Crivella.
Recommended For You
“The sale of Alexan Concorde represents a prime example of the renewed interest by institutional REITs in high-quality suburban assets,” Crivella commented.
AvalonBay recently sold a 80% stake in five apartments in Manhattan for proceeds of $460 million. It retained a 20% interest in the properties and will serve as the property manager of the assets. The REIT plans to use the $460 million to invest in new markets including Denver and southeast Florida, according to a Costar report.
Alexan Concorde is located at 811 Concorde Circle less than a mile from the Baltimore-Washington Parkway (Highway 295) and next to Baltimore-Washington International (BWI) Airport. The property is situated on 11.4 acres in a quiet wooded neighborhood setting. Delivered in 2016, the Alexan Concorde's five elevator-serviced buildings house a mix of studio, one-, two- and three-bedroom units averaging 973 square feet.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
