REBusinessOnline

Sachs, Blackfin Purchase Mixed-Use Property Near Amazon HQ2 for $70M

FALLS CHURCH, VA. — Sachs Cos. and Blackfin Real Estate Investors have purchased Loren Falls Church, a mixed-use property in Falls Church, for $70 million. Loren Falls Church comprises 185 multifamily units and 13,577 square feet of retail space. The property was built in 2017 and was 97 percent occupied at the time of sale. Communal amenities for residents include a swimming pool, fitness center, outdoor lounge, living room lounge and a community kitchen. Retail tenants include Orangetheory Fitness and Casual Pint. Located at 6410 Arlington Blvd., the asset is situated 10 miles west of National Landing, the future home of Amazon HQ2. The seller was not disclosed, although according to multiple media reports, Bozzuto was the seller and developer.

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