JLL Arranges Sale of 333-Unit Apartment Complex in Suburban Maryland

ROCKVILLE, MD. — JLL has arranged the sale of The Daley at Shady Grove, a 333-unit, transient-oriented apartment complex in Rockville. The community includes 15,000 square feet of ground-level retail space. The Daley is situated at 8010 Gramercy Blvd. within Westside at Shady Grove, a master-planned community that is situated within walking distance from the Shady Grove Metro Station. Communal amenities at The Daley include a swimming pool with shallow water seating; courtyard with fire pits, grilling station and green feature wall; 1,750-square-foot fitness center with multi-functional training system, Peloton bikes and on-demand fitness classes; business center with conference room, private dining room and e-booths; club room with gaming pace; and a pet spa. The seller is a joint venture between EYA LLC and The Bozzuto Group, which delivered the property in 2017. Walter Coker, Brian Crivella, Stephen Conley and Susan Carras of JLL represented the seller in the transaction. Denver-based Black Creek Group purchased the asset through one of its investment platforms. The sales price was not disclosed.