News: Brokerage

Edens & Avant breaks ground for 1.9m s/f mixed-use development

Edens & Avant recently broke ground for Mosaic, a 31-acre urban mixed-use development, at the intersection of I-66 and the Beltway (I-495). The project is part of a long-term revitalization of key areas in Fairfax County. "As a company, we are energized to be a part of the revitalization of this district in Fairfax County," said Jodie McLean, president and chief investment officer of privately-held Edens & Avant, the developer behind the 1.9 million s/f project. "We view our project as the ember of a much larger urban plan that will be the catalyst of economic and community development for a much larger district." Opening in fall 2012, the first phase of the project is more than two-thirds leased and includes a mix of 400,000 s/f of both national and local retailers, an eight-screen art house cinema, 150-room boutique hotel, 60,000 s/f of Class A office space, and 114 urban town homes. Edens & Avant is planning a one-acre park among other public amenities as part of the first phase.Mosaic is participating in the U.S. Green Building Council's pilot program for LEED Neighborhood Development.
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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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