WASHINGTON, D.C. – Holliday Fenoglio Fowler, L.P. (HFF) announces the $62.3 million sale of Bennington Crossings, a 308-unit, garden-style multi-housing community in Alexandria, Virginia.

The HFF team marketed the property exclusively on behalf of the seller, JBG SMITH, and procured the buyer, Morgan Properties.

Bennington Crossings is situated on 13.1 acres at 441 N. Armistead Street inside the Capital Beltway (Interstate 495) and just off Interstate 395.  Positioned two miles north of the Van Dorn Metrorail station, the property is highly accessible to major employment centers at Mark Center, Arlington, Tysons and Washington, D.C. as well as countless dining, entertainment and recreation attractions in the D.C. Metro, including Old Town Alexandria, Shirlington, the Rosslyn-Ballston Corridor, Crystal City and Pentagon City.  The property consists of 22 three- and four-story residential buildings containing a mix of one-, two- and three-bedroom units averaging 943 square feet.  Community amenities include a swimming pool with sundeck, playground, fitness center and an on-site DASH bus stop.

The HFF team representing the seller included Walter Coker and Brian Crivella.

“Given the tremendous activity in the Alexandria submarket and Northern Virginia, Bennington Crossings presented an ideal value-add opportunity for the buyer,” Coker said.

MORGAN, a leader in upscale multifamily development, construction and property management, has started leasing Pearl Dadeland in Miami, its latest premium Pearl community. The eight-story, 412-unit project is a joint venture between MORGAN and Invesco. Construction financing was provided by JPMorgan Chase.

Pearl Dadeland, at 7440 N. Kendall Dr., is located on three acres in the heart of the Dadeland Triangle across Kendall Dr. from the upscale Dadeland Mall and adjacent to a Publix grocery store. The community's units average 841 square feet with a mix of studios, one, two and three bedrooms. The sleek, sophisticated interiors feature chef inspired kitchens with stainless steel appliances, quartz countertops, under-mount sinks, and under-cabinet lighting.

Other premium Pearl amenities include luxurious bathrooms with oval soaking tubs, glass-enclosed showers and tile floors throughout the bathroom, living and dining areas; walk-in closets; full-size washers and dryers; Nest thermostats; USB charging ports; electronic key entry system; and private balconies. Select apartments have 11-foot ceilings, island kitchens with breakfast bar, double sinks in the master bath, and a desk alcove.

High-end community amenities include an innovative fitness studio with state-of-the-art workout equipment, a yoga room, TRX wall and Peloton Cycles; a resort-style swimming pool with private cabanas, TVs and grilling stations; a WiFi-enabled club house with a theater and gaming room; and a 4,000-square-foot park containing an oversized dog park. Residents of Pearl Dadeland can enjoy views of the Miami skyline from the rooftop amenity deck.

"MORGAN's Pearl properties represent some of the most luxurious apartment communities on the market today," said MORGAN Regional Vice President Evan Schlecker. "Pearl Dadeland is no exception, offering an array of lifestyle enhancing amenities with a contemporary Miami aesthetic. MORGAN always strives to build communities that deliver on the Pearl brand's premium promise, while also capturing the essence of the surrounding neighborhood. We believe Pearl Dadeland does just that."

MORGAN has another community, Midtown 29, under construction in Miami's Wynwood/Midtown neighborhood and will break ground in January on a community in the Flagler Village neighborhood of Ft. Lauderdale.

Check out http://www.pearldadeland.com for floor plans and more information.