Cases & Deals

Mill Creek sells mixed-used development in Vienna, Virginia known as "Modera at Avenir Place" to two buyers

Clients Mill Creek Residential Trust LLC

Jones Day represented Mill Creek Residential Trust in its disposition of a mixed-used development in Vienna, Virginia known as "Modera at Avenir Place" to two buyers. The residential portion of the development, a 628-unit apartment building, was sold to Pantzer Properties for $227.5 million, and the retail portion of the development, consisting of 124,300 square feet of ground leased retail space, was sold to Asana Partners for $43 million.