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Berkadia Completes Sale of Luxury Apartments in DC’s West End
Berkadia has arranged the sale and financing of WestEnd25, a 283-unit multifamily asset in Washington D.C.’s West End neighborhood.
Senior Managing Director Brian Crivella and Managing Directors Bill Gribbin and Yalda Ghamarian of Berkadia DC Metro completed the sale on behalf of JBG Smith. JRK Property Holdings acquired the property for $186 million. Berkadia also secured acquisition financing on behalf of the buyer.
“WestEnd25 is an exemplary high-rise asset situated in one of D.C.’s most prestigious, supply constrained, and high barrier to entry neighborhoods, combined with the elite amenity set and property’s unique unit mix – including 21 penthouses units and 35 park view units – can’t be found anywhere else in D.C.,” said Gribbin.
WestEnd25 is a 10-story property located at 1255 25th Street NW featuring a mix of one-, two-and three-bedroom layouts. The property is situated at the nexus of Georgetown, Dupont Circle and the Central Business District.
