Linden Property Group, a multifamily real estate investment firm headquartered in Arlington, has acquired Tysons Crossing, a 217-unit apartment community in Virginia, in partnership with Akridge, a Washington, D.C.-based commercial real estate investment and development firm.
The deal marks the largest acquisition in the firm’s history, its first purchase in Fairfax County since 2014, and its third joint venture with Akridge. Tysons Crossing sits a short walk from the Greensboro Metro Station, offering direct access to Tysons’ major employment centers in Tysons Corner and the broader Washington, D.C. metro area. Linden will execute a capital improvement program at the property, including interior unit renovations, new amenity spaces, landscaping, exterior improvements, and other strategic investments.
CBRE brokered the sale and financing process; Kettler, a Northern Virginia-based property management firm, is partnering on management and transition; Grossberg, Yochelson, Fox & Beyda, LLP, a Washington D.C.-based commercial real estate law firm, served as legal counsel; and AvalonBay was the seller.
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