Landmark area apartment complex sold

The Mason at Van Dorn garden apartment complex near the Landmark redevelopment site has sold for about $225 million, the Washington Business Journal reports.

A partnership of Shoreham Capital and Bridge Investment Group acquired the complex from CIM Group. Mason at Van Dorn, located at 400 S. Van Dorn Street in Alexandria’s West End, has 1,180 units in 14 low-rise buildings on 25 acres.

CIM purchased the complex in 2017 for about $228 million, according to the WBJ. CIM owns Southern Towers on Seminary Road, which it acquired in 2020 for $506 million.

Related story: Landmark area complex doubles in value

Mason at Van Dorn has studios and one and two-bedroom apartments, two swimming pools, and tennis/pickleball courts. There’s a convenience store and deli on the property. A 708-square-foot two-bedroom apartment is currently available for $1,548 a month.

The huge project being developed on the former Landmark Mall site will include a new Inova hospital complex and a multi-building mixed-use town center being developed by Foulger-Pratt. That project is expected to spur more redevelopment in the area.