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Caruthers Closes on Nearly $108 Million Apartment Deal in Arlington, Virginia

Penrose Sells 257-Unit Mid-Rise at 3400 Columbia Pike
Penrose developed 3400 Columbia Pike in 2015 at the corner of Columbia Pike and South Glebe Road in Arlington, Virginia. (CoStar)
Penrose developed 3400 Columbia Pike in 2015 at the corner of Columbia Pike and South Glebe Road in Arlington, Virginia. (CoStar)
By Bryce Meyers
CoStar News
August 24, 2020 | 7:04 P.M.

Caruthers Properties has closed on a mid-rise apartment complex near Amazon's second headquarters in Arlington, Virginia, extending a mini run of high-priced multifamily deals in suburban Washington, D.C.

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  • Properties