Washington, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it arranged the sale of the Pines of York apartments, a 248-unit garden-style multifamily property located in Yorktown, VA. Christopher Doerr and Rachel Ley of Cassidy Turley represented the seller, York Associates LP. The property was acquired by a joint venture between Drucker & Falk, LLC and Paladin Realty Income Properties, Inc. for $20,000,000.
Built in 1976, the Pines of York apartments consist of 244,840 rentable square feet located along the York River in the Hampton Roads metropolitan area. Community amenities include a swimming pool, basketball and tennis courts, fitness center, picnic area and ample surface parking for tenants. Units feature private entrances, wall-to-wall carpeting, fully equipped kitchens and oversized closets. The community is proximate to Langley Air Force Base, NASA, the Newport News Shipyard and Interstate 64.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.