Archstone Buys Rockville Multifamily for $75.5M

Archstone, a Colorado-based developer, acquired the 20-story Archstone Grosvenor Tower in Rockville, MD, from Charleston, SC-based Greystar Real Estate Partners LLC for $75.5 million, or about $318,565 per unit.

The 237-unit apartment complex at 10301 Grosvenor Lane delivered in 1987 and was renovated in 2008. It totals 291,945 square feet and is managed by Archstone Grosvenor Tower, according to CoStar information. Grosvenor Place has units with…

Visit Us On TwitterVisit Us On FacebookVisit Us On YoutubeVisit Us On LinkedinVisit Us On Google Plus