Sign In
Upcoming Event
Free Newsletter
Arlington apartment tower sells for $48.5M
Marlowe Apartments has 162 units
Marlowe Apartments in Arlington County. Photo courtesy Berkadia
Marlowe Apartments in Arlington County. Photo courtesy Berkadia
Arlington apartment tower sells for $48.5M
Marlowe Apartments has 162 units
Robyn Sidersky //May 17, 2024//
A 162-unit high-rise apartment property in Arlington County has changed hands.
Fortis Cos., a Washington, D.C.-based real estate development and investment company, acquired Marlowe Apartments from Equity Residential for $48.5 million, according to Berkadia, a commercial real estate services and mortgage firm, and Arlington County property records.
The 162-unit property located at 400 15th St. S. is located across from Metropolitan Park, the first phase of Amazon.com’s East Coast headquarters, HQ2.
Marlowe Apartments, built in 1986, is connected to the Crystal City Metro station.
Patrick McGlohn, Brian Gould, Miles Drinkwalter and Pat Cunningham of Berkadia DC Metro secured $40.6 million in financing on behalf of the buyer. The financing closed on May 6 in conjunction with the sale of the property. Berkadia DC Metro Institutional Sales, led by Brian Crivella, Yalda Ghamarian and Bill Gribbin, facilitated the sale on behalf of the seller.
