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WOODBRIDGE, VA-Misty Ridge, a 409-unit, 328,001-square-foot apartment community here has traded for $45 million. Benchmark Group in New York sold the class B community to Ohio-based Klingbeil Capital Management. CB Richard Ellis’ Andy Boyer, Bill Roohan, Mike Muldowney, Jonathan Greenberg, Michael Rudolph, John Sheridan, Brian Margerum and Bret Kampf brokered the transaction. 

Located close to Ft. Belvoir, the new owner is expecting to capitalize on the demand for housing that the Base Realignment and Closure will create, according to CBRE’s Boyer, who notes there are 22,000 jobs coming to the market next year because of it. 

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