Fraser Forbes Real Estate Services Announces $15.9 Million in New Closings
McLean, Virginia – December 31, 2009 – Fraser Forbes Real Estate Services is pleased to announce three new closings in the greater Washington, DC Metropolitan Area.
Washington Vista Apartments and an adjacent lot, located in Rosslyn, VA were sold by Dan Lockard to Insight Property Group LLC for $6,000,000. The 32 unit apartment building is 100% occupied and the new owners plan to make capital investments to significantly improve the property. Fraser Forbes represented the Buyer.
Lee’s Square, was the sale of a note from the FDIC for a property approved, and partially developed, for 132 stacked townhomes located in Manassas, Prince William County, VA. The note was sold by Mark Anstine and Richard Samit for $1,700,000 to K. Hovnanian Homes. Fraser Forbes represented the Buyer.
Evergreen Estates, located inside the beltway in the Alexandria area of Fairfax County, VA was sold for $800,000 by Mark Anstine and Dan Lockard. The property was planned for 5 single family lots and was purchased by a religious institution. Fraser Forbes represented the Seller, Washington Savings Bank.
Leesborough, was the sale of 85 townhome and single family lots in Wheaton, Maryland. Leesborough was sold for $7,421,000. Fraser Forbes represented the Buyer, Centex Homes.
About Fraser Forbes
Founded in 1995, Fraser Forbes Real Estate Services (http://www.fraserforbes.com) is the premier, full-service real estate firm in the DC/VA/Baltimore metro area market, specializing in land. The two principals of the firm have over 50 years of experience. The company’s service groups include Land Sales, Financing Services, Management Services and Advisory Services. Fraser Forbes has consummated over 400 land transactions valued at in excess of $3 billion including over 30,000 residential lots and land entitled for in excess of 5 million square feet of commercial development. Whether representing clients buying and selling raw land for future development, brokering real estate transactions slated for office, retail, hotel and industrial uses, or rendering financing advisory and management services, Fraser Forbes empowers its clients to earn the highest returns on their investments.
