HFF INC
SymbolHF

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Sale of Metropolitan at Pentagon Row Closed by HFF

2009-10-30 13:50 ET - News Release


Company Website: http://www.hfflp.com
WASHINGTON -- (Business Wire)

The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Metropolitan at Pentagon Row, a 326-unit, luxury multi-housing high-rise in Arlington, Virginia.

The HFF investment sales team was led by directors Dave Nachison and Alan Davis, who marketed the property on behalf of a partnership between Cornerstone Real Estate Advisers, a national commercial real estate advisor with approximately $8 billion of assets under management, and their locally based partner, Kettler. Equity Residential purchased the Class A high-rise for nearly $100 million free and clear of any existing financing.

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