Huge Reston Real Estate Deal: New York Firm Snatches Up Apartment Complex

RESTON, VA — A New York firm has just purchased a Reston apartment complex for $32 million.

Pantzer Properties bought Reston Glen apartments, located at 12265 Laurel Glade Court, from Texas-based Crescent Real Estate Equities, according to a statement from Berkadia, which brokered the deal.

The property, built in 1974, has 200 units and is situated next to Dogwood Elementary School, a couple miles outside of Reston Town Center.

“Reston Glen is well-positioned in one of the most dynamic submarkets of Washington, DC,” Berkadia senior managing director Scott Melnick said in the statement. “Pantzer Properties will be able to take advantage of economies by adding this property to its already significant roster of Northern Virginia holdings.”

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