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Washington DC  + Maryland  + Apartments  |  June 29, 2021
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By: David Cohen

JLL Arranges $110M Sale of Rockville Apartments

JLL has arranged the $110 million sale of Mallory Square, a 365-unit mid-rise apartment community in the Shady Grove submarket of Rockville, MD.

Mallory Square totals 330,117 rentable square feet and consists of a mix of studio, one- and two-bedroom units. The property includes three private courtyards totaling 25,000 square feet, a lounge with grilling area, sun shelf with pool, media center with a TV, fire pits, 24-hour fitness center and a yoga studio with ballet barre. In addition, the ground-floor retail at the community is occupied by Dunkin Donuts. The property is located at 15251 Siesta Key Way, in the I-270 Biotechnology and Life Sciences Corridor.

Walter Coker, Brian Crivella, Robert Jenkins and Bill Gribbin of JLL represented the seller, Woodfield Development, in the transaction. The buyer was Nuveen Real Estate.

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About David Cohen

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.
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