Aventine of Alexandria Sold to New Owner

HFF, a provider of commercial real estate and capital markets services, announced this week it has assisted Invesco Real Estate in selling the Aventine of Alexandria to Partners Group and an affiliate of Bainbridge Companies LLC, according to Business Wire.

The Aventine of Alexandria, a 574-unit, 15-story multi-housing community in the West End, is located on a 10.5-acre site at 2701 Park Center Drive, off King Street. Originally built in 1973, the property has been recently renovated and features one- through four-bedroom units averaging 1,027 square feet each.

Community amenities include a resort-style swimming pool, fitness center, media room, business center, fenced dog run, concierge service and an on-site mini market and dry cleaning drop off/tailor service. The property also provides a complimentary shuttle to the Pentagon Metro Station and Department of Defense Washington Headquarters.

The HFF team representing the seller was led by senior managing directors David Nachison and Alan Davis and director Brenden Flood.

“The Aventine of Alexandria has been a very prominent residential tower in Northern Virginia for nearly three decades and represents a tremendous value-add opportunity for Bainbridge and their partner,” Nachison said in a press statement. “The sale also underscores the strong interest for infill, value-add multi-housing investments in the Washington, D.C. region.”