Dweck Properties, the DC based real estate business, has made another acquisition in the Greater DC area with the affiliate purchase of ICON at Dulles Station for $134.8 million. According to GlobeSt.com, the seller is JLB Partners, a developer in Irvine, Texas; the news source was unable to reach either Dweck or JLB for comment on the sale.
The transaction follows two others GlobeSt.com reported this week in which Dweck Properties was the purchaser. It acquired North Tract Lofts, a 184-unit apartment building in Arlington, VA, for $68.3 million, or $370,924 per unit. It also acquired the Gramercy at Metropolitan Park in Arlington. The 399-unit apartment building traded for $190 million, or $476,190 per unit.
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