HFF Announces $51.5M Sale of The Residences at City Center in Manassas Park, Virginia

12 July 2018

WASHINGTON, D.C. – July 12, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $51.5 million sale of The Residences at City Center, a 291-unit apartment community with ground-floor retail in Manassas Park, Virginia.

The HFF team marketed the property on behalf of the seller, and procured the buyer, Mexico City-based HASTA Capital.

The Residences at City Center is located at 170 Market Street directly across from the Manassas Park Virginia Railway Express (VRE) station along Manassas Drive in Prince William County. The transit-oriented property is ideally positioned near the largest employment centers and major thoroughfares in the Northern Virginia region as well as an abundance of retail and entertainment options.  The Residences at City Center comprises 255,608 square feet of residential space featuring high-quality, modern finishes and 43,708 square feet of ground-floor retail.  Community amenities include an outdoor pool with lounge area and grill station, state-of-the-art fitness center, clubhouse, business center, Wi-Fi café and a mix of surface parking and single-car garages.

The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella and Dek Potts.