Located at 1771 North Pierce Street, the 29-story Evo features more than 30,000 square feet of amenity space, including a rock climbing wall, a multisport simulator, a dart alley, a coworking hub, private conference rooms, a rooftop pool and several lush garden terraces.Ĭhristine Espenshade of Newmark (NMRK) represented Penzance in the sale. “The Highlands project is very special to our team at Penzance after working tirelessly on the project for 11 years, but we are proud to hand over the reins to Cortland to maintain the unique community that we have created here in Rosslyn,” John Kusturiss, chief development and construction officer of Penzance, said in a prepared statement. The price of the acquisition was not disclosed but is believed to be approximately 25 percent of the company’s $1 billion commitment, according to someone close to the deal. “It has a best-in-class amenity set and stunning panoramic views of both D.C. Triston Fray is a Leasing Agent at Aura Pentagon City based in Arlington, Virginia. “Evo was the phase 2 acquisition of Cortland Rosslyn, which is part of our regional market entry strategy to acquire assets in desirable walkable, mixed-use locations in close proximity to employment nodes,” Dan Irvin, director of investments for Cortland, told Commercial Observer. Please select PLACE / CITY (OR) PROJECT NAME (OR) BUILDER NAME (OR) ZONE NAME (OR) CIRCLE NAME. Meridian at Pentagon Cityto be called Aura Pentagon City is a two-tower, high-rise property located at 12 South Eads Street, next to Amazon (AMZN) ’s forthcoming 4.1 million-square-foot headquarters. Our property manager would be more than happy to speak with you to determine if anything can be done to improve your enjoyment of the balcony space. Together, the two towers offer 786 units. We are glad to hear that you are enjoying the convenience and location of the Meridian at Pentagon City. Late last month, Cortland acquired Oakwood Arlington, which will be renamed Cortland Arlington, as part of a seven-state multifamily deal that added 1,700 units to its portfolio.īoth the Aubrey and Evo were developed and sold by a joint venture between Penzance and The Baupost Group, a Boston-based investment manager. Never have a dull moment with two swimming pools, a. Boasting an air of trendy sophistication, our Pentagon City apartments welcomes you. The community offers all the trappings of upscale big city living, combined with a perfect location next to The Pentagon, Boeing, and the future Amazon HQ2. SEE ALSO: JV Sells Last-Mile Facility Outside DC For 66% Markup After Lease-UpĬortland had already acquired two properties in Northern Virginia earlier this year - the Aubrey, a 331-unit community that was renamed Cortland Rosslyn and Aura Pentagon City, a 534-unit community that was renamed Cortland Pentagon City. Interim Homes at Aura Pentagon city is a home in Arlington, for those who want to have it all.
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