Boston, MA – (January 13, 2014)<\/p>\n
GID announced today that it acquired Corner 4209, a 191 unit luxury apartment community located in Fairfax, Virginia, approximately 17 miles west of Washington, D.C. The property lies in the heart of Fairfax at the confluence of several major thoroughfares including US-29, US-50, and Interstate 66. Interstate 66 provides residents easy access to downtown Washington, D.C (thirty minutes) and Tyson\u2019s Corner (fifteen minutes). The site is located five miles west of the Vienna Metro Station which is on the Washington, D.C. Metro\u2019s Orange Line.<\/p>\n
The property offers residents access to an abundance of shopping, dining, and entertainment options. Fairfax Corner is a five minute drive from the property. This popular \u201cMain Street\u201d style mixed-use center contains over 350,000 square feet of retail, including eateries such as Ruth\u2019s Chris Steakhouse, P.F. Changs, and Pinkberry as well as a 14 screen movie-theatre. There is also a Wegman\u2019s (grocery store), less than \u00bd mile from the property.<\/p>\n
The property was built in 2012 with an average unit size of 919 square feet sitting atop a two-story parking structure with 411 parking spaces. There is an additional 19,212 square feet of ground level retail. The asset is situated on approximately 3.82 acres and consists of 14 studio units (7%), 90 one bedroom\/one-bath units (47%), 75 two-bedroom\/two-bath units (40%), and 12 three bedroom\/two-bath units (6%). The apartment units have nine-foot ceilings, granite counter tops and stainless steel appliances. The property features a resort style pool, fitness center, business center, on-site retail, a movie theatre and an outdoor kitchen.<\/p>\n
Bill Chiasson, Sr. Vice President of Real Estate Acquisitions at GID commented, \u201cThis provides an opportunity to acquire an asset adjacent to our Ridgewood by Windsor, resulting in operating efficiency, while continuing to increase our footprint in Fairfax, VA. Fairfax, Virginia is one of the most economically dynamic counties within the Washington, DC metropolitan area with an affluent and well educated population, resulting in an attractive investment opportunity.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA – (January 13, 2014) GID announced today that it acquired Corner 4209, a 191 unit luxury apartment community located in Fairfax, Virginia, approximately 17 miles west of Washington, D.C. The property lies in the heart of Fairfax at the confluence of several major thoroughfares including US-29, US-50, and Interstate 66. Interstate 66 provides […]<\/p>\n","protected":false},"author":32,"featured_media":1484,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-1234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n