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Snell Properties Acquires 260-Unit Reston MF Property
Arlington-based Snell Properties and its partners have acquired Lincoln at Wiehle Station, a 260-unit multifamily community in Reston, VA. The sales price was not disclosed.
Located at 11500 Commerce Park Drive, the property is nearby the Wiehle-Reston East Metro station and less than a 15-minute drive from Dulles International Airport. The building’s construction was completed at the end of 2019. Amenities at the community include a courtyard with pool and grilling stations, a large clubroom that walks out to the courtyard, fitness center with on-demand classes, a library and conference room along with a pet spa, package concierge system and bike room with repair station.
Snell was the partnership lead in pursuit and closing of the acquisition, and will lead management of the asset, on behalf of the ownership group. CBRE represented the buyer in the transaction. Lincoln Property Co. has been tapped to manage the property.
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
