4880 Mark Center Drive

Alexandria, VA
The asset was acquired off market in March of 2023. The asset is located in the heart of the Mark Center, a mixed use community in Alexandria, Va.


  • Purchased Surplus Corporate Real Estate totaling approximately four acres.
  • The property is located just four miles from Old Town Alexandria and seven miles from the National Mall.
  • Current massing contemplates 425,000 square feet ($19 psf) built in a stick over podium configuration.
  • The project’s current zoning allows multi-family through a special use exception that is well supported by the City of Alexandria and is consistent with the neighborhood’s Small Sector Plan.
Est. Building Size

425,000 sf

Acquisition Source


Equity Partner

Family Off

Acquisition Price

$8.2 M

Est Development

$182 M

Total Project Cost

$190 M

Projected Exit

$210 M

Alexandria, Redeveloped Multi Family, Redevelopment Assets