Berkadia Arranges $46M Sale of Virginia MF Property
Berkadia has arranged the $46 million sale of Spotswood Commons, 212-unit garden-style multifamily property in Williamsburg, VA.
Located at 100 Glenburnie Road, the community features one-, two- and three-bedroom floor plans with air conditioning, a patio or deck and in-unit washers and dryers. Community amenities include a dog park, a clubhouse, a fitness center, a tennis court, an outdoor grilling area, a swimming pool, a volleyball court and a playground. Residents are offered convenient access to Colonial Williamsburg, Interstate 64 and the Williamsburg Premium Outlets.
Drew White of Berkadia’s DC Metro office and Carter Wood of Berkadia’s Richmond office represented the seller, Massachusetts-based The Dolben Co. Inc., in the transaction. The buyer was New York-based Kushner Cos. The deal closed June 8.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.