Transwestern Retained to Sell Eaves Gaithersburg on Behalf of AvalonBay Communities
Transwestern today announces it has been retained by AvalonBay Communities to sell Eaves Gaithersburg, a 684-unit apartment community at 750 Clopper Road in Gaithersburg, Maryland. Transwestern’s Mid-Atlantic Multifamily Group, led by Co-Directors Dean Sigmon and Robin Williams, is representing the seller.
“The Washington, D.C., metro’s strong job growth has fueled housing demand, which has prompted a significant amount of new multifamily housing construction,” said Sigmon. “Eaves Gaithersburg is in a highly desirable area, and through in-unit improvements and amenity enhancements, it can easily compete with newer, nearby Class A properties.”
The apartments’ convenient access to Downtown Crown, Rio Washingtonian Center and The Kentlands, coupled with its proximity to some of Montgomery County’s largest employers – the National Institute of Standards and Technology, MedIummune, Lockheed Martin and Adventist HealthCare – provides support for a large renter base.
Eaves Gaithersburg is within walking distance to Maryland Area Regional Commuter’s (MARC) Metropolitan Grove Station, a short distance to Shady Grove Metro Station and less than a mile from Interstate 270 and Route 355.
The units range from one to three bedrooms, with two-bedroom units offering two full bathrooms, a distinction from the majority of Class B competitors. The floor plans offer eat-in kitchens and washers/dryers with expansive floor-to-ceiling windows. Amenities include a swimming pool, fitness center, business center, clubhouse, playground and dog park.
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