Virginia Mixed-Use Building Changes Hands

Penzance has acquired The Mark, a luxury mixed-use apartment community in Herndon, Va. The 169-unit property is situated along the emerging Dulles Technology Corridor at 2323 Dulles Station Blvd., within a five-minute walk of the future Innovation Center Silver Line Metro Station in Herndon. Opened in 2007 after being constructed to condominium-level specifications that included large floorplans and high-end finishes, The Mark currently has an occupancy of 96.4 percent. Featured are one-, two- and three-bedroom apartments measuring 728 to 1,556 square feet in size. Monthly rental rates in 2019 ranged from $1,603 to $2,386, for an average of $1,849. Apartments feature washer/dryers, vaulted ceilings, microwave ovens, individual air conditioning and high-speed Internet access. Noteworthy amenities include a resident-only fitness center.