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Partners Group, ZOM Living Secure $150M for Mixed-Use in National Landing
Partners Group and ZOM Living are developing a mixed-use community consisting of 492 apartment units in Arlington, VA’s National Landing.
A total of $150 million in construction financing has been secured for Hazel & Azure National Landing, which will be comprised of apartments across two 14-story buildings and 6,800 square feet of ground-floor retail space. ZOM has also secured a $26 million bridge loan with CB&S Bank for the site’s acquisition.
“Rising demand for multifamily assets in growth cities is one of the key transformative trends we have been following in the US,” said Ron Lamontagne, managing director, Partners Group. “We have strong conviction in National Landing’s growth prospects given the area’s diversified economy, proximity to the capital, abundant green space and vibrant retail core.”
The submarket of National Landing is considered a premier live-work-play district in the DC metro thanks to its 14.8 million square feet of office space and 3.8 million square feet of retail space.
- ◦Development
- ◦Financing
