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Penzance Acquires 169-Unit MXU Project in Herndon
Owner, operator and developer Penzance has acquired The Mark, a 169-unit mixed-use apartment community in Herndon, VA. The sales price and seller were not disclosed.
Located at 2323 Dulles Station Blvd., the property is within the Dulles Technology Corridor and is a short walk from the future Innovation Center Metro Station on the Silver Line. The project features more than 15,000 square feet of retail, with a tenant roster consisting of Alo Vietnam, Neo Smiles Dental, Kabobi by The Helmand and Edward Jones Investments, as well as a 311-space secure parking garage and a resident-only pool. The community was built in 2007.
“The stellar demographics of the submarket, coupled with The Mark’s prime location within the rapidly-developing Dulles Station transit-oriented community, makes the building an exciting new addition to the Penzance portfolio,” said Cristopher White, managing director of investments at Penzance.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
