Berkadia has completed the sale of Kingston at McLean Crossing, a 2018-built, 319-unit multifamily apartment community located in the McLean submarket of Northern Virginia.

Senior Managing Director Brian Crivella, Managing Directors Yalda Ghamarian and Bill Gribbin, and Associate Director Jack Canepa of Berkadia DC Metro completed the transaction on behalf of the seller, LCOR and its partner JLL Income Property Trust. Pantzer, a New York-based owner and operator of multifamily assets across the East Coast. The property was 96% occupied at the time of sale.

“Kingston provided a unique opportunity for Pantzer to acquire a generational-quality, transit-oriented asset at a basis below replacement cost, adjacent to several corporate headquarters in a submarket with limited future residential development,” said Crivella.

Located at 7480 Birdwood Avenue, Kingston at McLean Crossing comprises two towers – 13 and 15 stories – connected by a two-story skybridge, totaling approximately 528,000 square feet. The property offers a mix of studio, one-, two-, and three-bedroom residences.

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