4-10-20

22A — April 10 - 23, 2020 — M id A tlantic Real Estate Journal

www.marej.com

M id A tlantic R eal E state J ournal

ASHINGTON, DC —Marcus & Millic- hap has announced Chadwick&Mooradian in 60 unit sale inRichmond, VA Marcus & Millichap's DC office completes apt. building sale W

ALTRealtymakesmultifamily sale happen during COVID-10 crisis

worked closely with the title company to determine how recording would be impacted by social distancing, and a plan was created for the closing process that kept everyone safe and healthy. “For the right investors, this market may be a good time to purchase property,” said Meszler Lyon, commercial spe- cialist, ALT Realty. “The 24 S. 8th St. property was the buyer’s first investment property pur - chase. The property was on the market for just days when there was a call for the highest and best offer, and I helped Price- less Holdings with its strong offer. I am proud that amid the current crisis, we were able to close the deal in a timely man- ner for the client.” 

ALLENTOWN, PA — De- spite the challenges of conduct- ing real estate business during

the COVID-19 pandemic, Lisa Meszler Lyon of ALT Realty of Bethlehem, Pennsylvania, recently helped Priceless Hold- i n g s , L L C , troubleshoot and navigate

the sale of 245-249 8th St. NE a 13-unit apartment property located for $3.8 million accord- ing to Brian Hosey , regional manager of the firm’s Wash - ington, DC office. Stacey Milam , an invest- ment specialist in Marcus & Millichap’s Washington, DC office, had the listing to mar - ket the property on behalf of the seller, a private investor. Daniel Danesh , an invest- ment specialist in Marcus & Millichap’s Washington, DC office, secured and represented the buyer, a limited liability company. 245-249 8th St. NE is located at 245-249 8th St NE inWash - ington, DC. The subject prop- erty was constructed in 1987 and has been meticulously maintained. The property is not subject to rent control, a valuable asset in this high demand area. The prime loca- tion and quality of the units allow for premium rents. “The

Lisa Meszler Lyon

the purchase of 24 S. 8th St. in Allentown, PA. The building, which sold for $1.2 million, has 7 luxury apartments and 1 commercial space for a total of 8,100 s/f. Priceless Holdings put forth the highest and best offer for the property. Meszler Lyon

245-249 8th St. NE

Kingswood Cove

settling of this transaction at an aggressive number, is a tes- timony to the commitment and tenacity of my team in a frothy marketplace” Milam said. In a separate transaction, Marcus & Millichap has an- nounced the sale of Kingswood Cove, a 60-unit apartment property located in Richmond, VA, for $3.5 million. Christopher Chadwick and Martin Mooradian , in- vestment specialists inMarcus & Millichap’s Washington, DC office, had the listing to market the property on behalf

of the seller and buyer, a lim- ited liability company and a private investor. Kingswood Cove is located at 6426 Elkhardt Rd. The subject property sits on 3.5 acres and has maintained his- torically high occupancy rates. “The apartments are only a 15-minute drive South from Downtown Richmond offering the convenience of being close to downtown while allowing for residents to enjoy the quiet luxury of suburban living and quality schools” Chadwick said. 

C&F Finance Company acquires land in Henrico County, VA for newHQ location

C&F Finance Co. purchased the land from DMG Proper- ties, LLLP for $400,000. C&F Finance Co., a wholly owned subsidiary of C&F Bank, is a leader in indirect lending, providing automobile, marine and RV loans throughout the United States. 

RICHMOND, VA — Cush- man & Wakefield | Thal- himer announces the sale of 9.86 acres of land located at 5491 International Trade Dr. in Henrico County for the de- velopment of a fully-occupied office headquarters location for C&F Finance Co.

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