(Read more on the multifamily market.)
WOODBRIDGE, VA-Kettler, a diversified real estate company thatspecializes in transit-oriented projects, and Principal Real EstateInvestors are moving forward with plans to build a $250-milliondevelopment in the city. GlobeSt.com reported earlier this monththat Kettler had bought a class A apartment complex and adjacent 11acres, but its plans for the site weren't ready to release.
Kettler had acquired the 304-unit Riverside Station Apartmentsand adjacent land at the Virginia Railway Express Rippon Landingstation for $71 million. A portion of the 11 acres is leased to VREfor commuter parking.
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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.
